Bloomberg Commodity strategist Mike McGlone says that Bitcoin (BTC) performs better than the S&P 500 years to date was a success for the Crypto King.
In a new thread, McGlone tells His 68,800 followers on the social media platform X that the best crypto assets from Market Cap rises versus shares that could see further drawings if the market enters into a recession.
“Restoring unchanged in 2025 From April 23 was a performance for Bitcoin versus the almost 10% of the S&P 500s of almost 10%. But what some see as the fastest horse in the race may be confronted with deflation. The prospects of Bloomberg Intelligence and the prospect of Bloomberg Intelligence of Bloomberg and the prospect of the prospect of and the prospect of the prospect of the prospect of the prospect of and the prospect of the prospect of the prospect of and the prospect of the prospects of the prospect of the prospect of the prospects and the prospects of the prospects of the prospects and the prospects of the prospect of the prospects of the prospect of the prospect of the prospect of the prospect of the prospect of the prospects of the prospects of the prospects of the prospect of the prospect of the prospects of the prospects and the prospects of Bloomberg and the prospect of the in advance of Bloomberg and the prospect of the in advance of Bloomberg. Prospective by Bloomberg Intelligence and the prospects of Bloomberg Intelligence and the prospects of Bloomberg Intelligence and the prospects of Bloomberg Intelligence and the prospects of Bloomberg Intelligence and the prospects of Bloomberg Intelligence and Economics are about 30% in the GOOT STORTARKEN in the case of a recession. “
According to McGlone, the Crypto Asset Bubble could also sight The same drastic results that are seen during the American stock market crashes of 1929 and 2000 and the Japanese stock market crash of 1989. The analyst says that digital assets can be confronted with the burden of unlimited supply, high volatility and speculative in nature.
“Cryptos vs. 1929 USs, 1989 Japan, Internet Bubble Cryptocurrencies in 2025 in 1929, Japan, can be related to the US stock market in 1989 and the internet bubble to the peak of 2000, with deflatory implications that prefer gold and American treasury bonds.
The fact that the much-hyped crypto-room is roughly flat versus beta for about seven years can suggest that the burden of unlimited delivery, volatility and speculation in a budding technology. “
McGlone, however, concludes with remark That the flagship could surpass digital active gold if the stocks continue to fall.
“Bitcoin and gold are both about 42% until April 23 on an annual basis with the S&P 500 almost 10% against. What about the next 12 months, can the crypto defeat the rock if the stocks fall?”
BTC is traded for $ 93,228 at the time of writing, an increase of 1% during the last day.
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