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    “Something Big Is Coming” – Mike McGlone Bitcoin, Stocks, Crypto Prediction



    “Something Big Is Coming” – Mike McGlone Bitcoin, Stocks, Crypto Prediction

    Today we have Bloomberg Intelligence Senior commodity strategist Mike McGlone, discussing the current market conditions, and where he sees the direction for Bitcoin, and the crypto market in the coming weeks. McGlone highlights a disconnect between market optimism and underlying economic realities. He believes the market seems to have forgotten the past interventions by the Federal Reserve to support the market during downturns. However, he argues that this time, the Fed’s focus on combating inflation may result in less support, and actually hurting the economy. Mike also suggests an impending recession and expects the Fed to act only after a significant stock market decline. He also points out the Bitcoin NASDAQ ratio, and shows that we have a major overvaluation; which makes him worry about the months ahead. Don’t forget to watch till the end, as Mike McGlone gives his Bitcoin prediction, and where crypto is headed in the second half of 2023.

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    24 Comments

    6. dwd on

      There are much better and safer alternative currencies, including Web3 Ignite IGNITE3, thus I'm no longer interested in those ones.

    7. Fil Necati on

      Yes, we have already missed the deadline for those coins, but fortunately, we still have some possibilities, such Web3 Ignite IGNITE3.

    12. özer bozkaya on

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    13. Enhar_ae on

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    23. Moses Harrison on

      Even with the current economy situation, I'm so excited I've built my portfolio to $50,560 from my weekly trade. I'm having my fourth withdrawal in 9 business days

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