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Bloomberg's McGlone: 'Bitcoin Might Lose Zero'

Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, has reiterated his prediction that Bitcoin might end up losing a zero. McGlone has recalled that Nasdaq Composite, which tracks virtually all stocks that are listed on the Nasdaq exchange, peaked at around 5,000 back in 2000 when the dot-com bubble was about to pop. The analyst is seemingly drawing a comparison between that peak and Bitcoin's historic ascent to $100,000.

Bloomberg's McGlone: 'Bitcoin Might Lose Zero'

Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, has reiterated his prediction that Bitcoin might end up losing a zero. McGlone has recalled that Nasdaq Composite, which tracks virtually all stocks that are listed on the Nasdaq exchange, peaked at around 5,000 back in 2000 when the dot-com bubble was about to pop. The analyst is seemingly drawing a comparison between that peak and Bitcoin's historic ascent to $100,000.

https://u.today/bloombergs-mcglone-bitcoin-might-lose-zero