CoinzPress
  • Credit Cards
    • Best Credit Cards 2023
    • Best Rewards Credit Cards
    • Best Cash Back Credit Cards
  • Banking
    How to Save Discord Servers from Hackers

    Ways You Can Save Your Discord Servers from Hackers

    Ethereum Mining Rig

    Ethereum Mining Rig: The Best Ethereum Mining Hardware

    Google in Web3 and Blockchain Technology

    Google is Taking An Interest in Web3 and Blockchain Technology

    Binance

    Binance to Launch Santos FC Fan Token on Its Launchpool

    New Solutions for Cross-Chain Problems

    New Solutions for Cross-Chain Problems

    Blockchain Gaming

    Will The Blockchain Gaming Revolutionise The Future of Video Games?

    Trending Tags

    • Loans
      Best Way To Finance A Car: Things To Know

      Best Way To Finance A Car: Things To Know

      Tesla sell their bitcoin

      Tesla Took The Internet By Storm for Selling Its Bitcoin in Panic

      Bitcoin-Faucets

      Highest Paying Bitcoin Faucets: How to Choose the Right One?

      lightning-network

      Lightning Network: Everything You Need To Know

      What Can You Buy with Bitcoins

      What Can You Buy with Bitcoins?

      Nasdaq’s Record Breaking

      Witness Nasdaq’s Record-Breaking Performance Across Stock Markets

      Trending Tags

      • Investing
      • Insurance
      • Stock Market
        • US Markets
        • ASX shares
        • Indian Markets
      • Cryptocurrency
        • Price Prediction
        • DeFi
        • NFT
        • Metaverse
        • Trading
        • Crypto Exchanges
        • Crypto Wallet
        • Brokers
        • Gaming
        • Earning Sites
      • Sections
        • Reviews
        • Beginner Guide
        • How To
      No Result
      View All Result
      • Credit Cards
        • Best Credit Cards 2023
        • Best Rewards Credit Cards
        • Best Cash Back Credit Cards
      • Banking
        How to Save Discord Servers from Hackers

        Ways You Can Save Your Discord Servers from Hackers

        Ethereum Mining Rig

        Ethereum Mining Rig: The Best Ethereum Mining Hardware

        Google in Web3 and Blockchain Technology

        Google is Taking An Interest in Web3 and Blockchain Technology

        Binance

        Binance to Launch Santos FC Fan Token on Its Launchpool

        New Solutions for Cross-Chain Problems

        New Solutions for Cross-Chain Problems

        Blockchain Gaming

        Will The Blockchain Gaming Revolutionise The Future of Video Games?

        Trending Tags

        • Loans
          Best Way To Finance A Car: Things To Know

          Best Way To Finance A Car: Things To Know

          Tesla sell their bitcoin

          Tesla Took The Internet By Storm for Selling Its Bitcoin in Panic

          Bitcoin-Faucets

          Highest Paying Bitcoin Faucets: How to Choose the Right One?

          lightning-network

          Lightning Network: Everything You Need To Know

          What Can You Buy with Bitcoins

          What Can You Buy with Bitcoins?

          Nasdaq’s Record Breaking

          Witness Nasdaq’s Record-Breaking Performance Across Stock Markets

          Trending Tags

          • Investing
          • Insurance
          • Stock Market
            • US Markets
            • ASX shares
            • Indian Markets
          • Cryptocurrency
            • Price Prediction
            • DeFi
            • NFT
            • Metaverse
            • Trading
            • Crypto Exchanges
            • Crypto Wallet
            • Brokers
            • Gaming
            • Earning Sites
          • Sections
            • Reviews
            • Beginner Guide
            • How To
          No Result
          View All Result
          CoinzPress
          No Result
          View All Result
          Home Updates

          Mike McGlone Calls Bitcoin a “Wild Card”

          Glutia Grace by Glutia Grace
          September 9, 2022
          in Updates
          Wild Card

          Credit: The west australian

          Recently, Mike McGlone stated that Bitcoin is a wild card. According to him, BTC has the ability to outperform as soon as the traditional stocks finally bottom out. In fact, at present BTC is experiencing one of the worst bear markets in history. In the recent past, BTC passed the $25,000 mark briefly. After that, the price kept dropping. In fact, very recently the BTC price went down below $20,000. At the time of writing this article, the price of Bitcoin stands at $20643.64.

          Therefore, in such a scenario, the comparison of BTC to wild card seems interesting. Mike posted on Twitter and Linkedin, this Wednesday. In the posts, Mike claimed that Bitcoin Bitcoin is a wild card that has the ability to overturn the ongoing trend. If you wish to learn more about the comment of Mike McGlone, then this article is the perfect stop for you. Keep reading this article to know more about Mike’s claims. 

          The Comment By Mike McGlone

          The Comment By Mike McGlone
          Credit: techstory

          We already know that on Wednesday, Mike posted on Twitter and Linkedin. There he stated that the action of the United States Federal Reserve will determine the fate of the stock market. However, according to him, Bitcoin is the wild card that can override the current trend. As per his views, BTC is more than ripe to “outperform when stocks bottom”. However, the transition is more like bonds and gold.

          Mike further added that Bitcoin is destined to rebound from the bear market. He affirms that this is true even amidst a strong tendency toward high-risk assets. In his posts, he added that Bitcoin will follow a trend similar to gold and bonds. On the other hand, according to him, Ether is likely to possess more correlation with stocks. 

          The Federal Reserve has intensified quantitative tightening at a time when we have seen major interest rate hikes. In fact, the 27th of July witnessed a 75 basis points increase. 

          Concluding Lines 

          We do not know when the tightening of the Fed will end. However, according to a report from Bloomberg, this will happen in 2023. In spite of Mike’s bullish outlook, other analysts believe the contrary. According to them, there is more correlation between equity markets and Bitcoin. Therefore, to them, Bitcoin might not be a wild card. However, this comment by Mike McGlone is likely to excite the BTC enthusiasts greatly.

          Also read: The Period Before The Merger Of Ethereum Sees Increase In Forked Token Demands

          Share76Tweet47

          Related Posts

          How to Make Money From Youtube? 

          How to Make Money From Youtube? 

          November 10, 2022
          How Much Money Should You Spend On A Wedding Ring?

          How Much Money Should You Spend On A Wedding Ring?

          November 10, 2022
          Capital One Shopping Review: Everything You Need To Know

          Capital One Shopping Review: Everything You Need To Know

          November 10, 2022
          How To Make Money Fast As A Teenager

          How To Make Money Fast As A Teenager

          November 10, 2022
          Best Way To Finance A Car: Things To Know

          Best Way To Finance A Car: Things To Know

          November 10, 2022
          Passive Income Ideas: Best Ways To Make Money Online

          Passive Income Ideas: Best Ways To Make Money Online

          November 8, 2022
          ADVERTISEMENT

          CoinzPress is one of the leading cryptocurrency news services that cover the latest crypto-related news. The news includes a technical analysis of a wide range of digital currencies as well as forecasts for those electronic currencies. Here at CoinzPress , we aim to enlighten anyone having an interest in the world of cryptocurrency with significant information that could keep them informed.

          So, in short, we cover a range of announcements related to a variety of Alt-coins, digital coins, and any significant news that could create an impact on the trading world and economy.

          • News & Updates
            • Cryptocurrency
            • DeFi
            • NFT
            • Metaverse
            • Press Releases
            • Sponsored
          • Sections
            • How To
            • Technology
            • Investing
            • Stock Market
            • Loans
            • Credit Cards
            • US Markets
            • Brokers
            • Gaming Sites
            • Indian Markets
          • Company
            • About Us
            • Advertising
            • Press Release
            • Contact Us
            • Terms of Uses
            • Privacy Policy
            • Sitemap
          • About
          • Contact Us

          © 2022 Coinz Press

          No Result
          View All Result
          • Credit Cards
            • Best Credit Cards 2023
            • Best Rewards Credit Cards
            • Best Cash Back Credit Cards
          • Banking
          • Loans
          • Investing
          • Insurance
          • Stock Market
            • US Markets
            • ASX shares
            • Indian Markets
          • Cryptocurrency
            • Price Prediction
            • DeFi
            • NFT
            • Metaverse
            • Trading
            • Crypto Exchanges
            • Crypto Wallet
            • Brokers
            • Gaming
            • Earning Sites
          • Sections
            • Reviews
            • Beginner Guide
            • How To

          © 2022 Coinz Press