{"id":22495,"date":"2023-07-25T06:10:56","date_gmt":"2023-07-25T06:10:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-bumpy-road-to-100000-experts-warning-amid-bullish-predictions\/"},"modified":"2023-07-25T06:10:56","modified_gmt":"2023-07-25T06:10:56","slug":"bitcoins-bumpy-road-to-100000-experts-warning-amid-bullish-predictions","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-bumpy-road-to-100000-experts-warning-amid-bullish-predictions\/","title":{"rendered":"Bitcoin’s Bumpy Road to $100,000. Expert’s Warning Amid Bullish Predictions"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
\n<\/p>\n

\n

Mike McGlone, senior macro strategist at Bloomberg Intelligence, reiterates his long-term projection that Bitcoin will hit $100,000 even as its price volatility continues to draw investors\u2019 attention. He does, however, provide a warning that there can be difficulties along the way, such as a possible slide below the $20,000 mark. In a recent interview, McGlone<\/strong><\/a> mentions economic issues as potential influences on Bitcoin\u2019s trajectory, including the Federal Reserve\u2019s monetary tightening measures and the strong yields on Treasury bills.<\/p>\n

A Cautionary Prediction<\/strong><\/h2>\n

McGlone cautions of a probable 50% decline in Bitcoin\u2019s value, which may cause it to retrace back to the $20,000 level or perhaps establish new lows before soaring towards the $100,000 objective despite his positive long-term perspective. He based this warning on the present macroeconomic situation and how it affects asset types like equities and real estate.<\/p>\n

\n
\n
\n
\n
\n
5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n

New players only. Exclusive 111% Welcome Bonus + 111 Free Spins in Aztec Magic Deluxe <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

In order to bolster his claim, McGlone cites the Treasury bills\u2019 alluring yields, which make them a competitive option for risk-averse investors. After hitting an all-time high last year, the Case-Shiller index, used to track changes in real estate prices, is already beginning to show symptoms of fall.<\/p>\n

Macroeconomic Challenges for Bitcoin<\/strong><\/h2>\n

McGlone is also concerned about how Bitcoin has performed in comparison to the stock market. Exchange-traded funds (ETFs) for Bitcoin have generated a lot of buzz, although the price of $30,000 hasn\u2019t moved since late 2020 or early 2021. In contrast, the NASDAQ has grown 20% over the same time period, with less volatility than Bitcoin, supported by cutting-edge technology like artificial intelligence.<\/p>\n

Although there is optimism about Bitcoin\u2019s future, the macroeconomic climate as a whole is still negative, according to the macro expert. The potential for Bitcoin to start a strong bull run may be hampered by the Federal Reserve\u2019s tightening measures and the unstable economic environment.<\/p>\n

\n
\n
\n
\n
\n
Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n

New players only. Welcome Bonus – 125% bonus on your first deposit up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

A sobering reminder of potential obstacles is provided by Mike McGlone\u2019s cautious prediction as Bitcoin supporters anxiously await its progression towards $100,000. Bitcoin\u2019s future course will be heavily influenced by the interaction between macroeconomic fundamentals and market mood in the next months.<\/p>\n<\/p><\/div>\n

Source link <\/a>
\n
<\/p>\n","protected":false},"excerpt":{"rendered":"

(Originally posted on : Crypto News – iGaming.org ) Mike McGlone, senior macro strategist at Bloomberg Intelligence, reiterates his long-term projection that Bitcoin will hit $100,000 even as its price volatility continues to draw investors\u2019 attention. He does, however, provide a warning that there can be difficulties along the way, such as a possible slide […]<\/p>\n","protected":false},"author":34,"featured_media":22496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22495"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22495"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22496"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}