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Once this bear market in risk assets subsides and valuations recover again, cryptocurrencies will outperform all other asset classes, said Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence.
Speaking to Michelle Makori, Editor-in-Chief of Kitco News, McGlone said that markets are about to witness a “great reversion” in which prices mean revert to the upside.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Mike McGlone on Twitter: @mikemcglone11 (https://twitter.com/mikemcglone11)
0:00 – Crypto Winter
3:14 – Bitcoin’s bottom
6:40 – Best-performing crypto
9:00 – Bitcoin price outlook
10:40 – Bitcoin: risk-on asset or inflation hedge?
13:00 – Great reversion
17:50 – Gold
18:40 – Silver
20:00 – Asset allocation
#Bitcoin #crypto #gold
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