Bitcoin likely to transition to a risk-off asset in H2 2022, says Bloomberg analyst

[newshunter]

Bitcoin likely to transition to a risk-off asset in H2 2022, says Bloomberg analyst

As the global economy moves into a recession in the second half of 2002, Bitcoin will likely rally alongside gold and treasury bonds, according to Mike McGlone, a senior commodity strategist at Bloomberg.

Source: Bitcoin likely to transition to a risk-off asset in H2 2022, says Bloomberg analyst

Would appreciate your opinion about this

[Senin]

The analyst believes that Bitcoin is already ripe for another rally. Well, it may well be, given that the cryptocurrency market has been in a bearish period all this year, although there is practically no bad news for this market. The successful completion of the ethereum upgrade could push the market to price growth next month. Against the backdrop of high inflation in almost all countries, this is quite logical.