Bitcoin Stall at $30,000 May Indicate Bigger Economic Issues, Says Bloomberg Strategist

07/20 14:50

Bloomberg Intelligence's Chief Commodity Strategist, Mike McGlone, has suggested that if Bitcoin fails to surpass its current level of $30,000, it could indicate larger economic issues for the US. McGlone believes that if Bitcoin stalls, it may be a bad sign for the Nasdaq Composite index.
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