Mike McGlone, senior commodity strategist for Bloomberg Intelligence, explains why he believes Bitcoin is revolutionary, has begun to cement its status as a digital version of gold and is becoming less of a risky investment and more of a way to lower one’s risk in a portfolio — but why he doesn’t view it as a payment system. He describes how he expects the halving to affect the price of Bitcoin, why the on-chain metrics vs. price seem to him strong signs of adoption and why he views Ethereum as “just another one of the 5,000 cryptos out there.” Plus, he talks about why increased usage of stablecoins and central bank digital currencies will only be bullish for Bitcoin.
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Crypto.com: https://crypto.com
Episode links:
Mike McGlone: https://twitter.com/mikemcglone11 https://www.linkedin.com/in/mike-mcglone-a8442513/
Bloomberg’s Crypto Newsletter: https://www.bloomberg.com/professional/crypto-newsletter/
April 2020 outlook: https://data.bloomberglp.com/professional/sites/10/Bloomberg-Crypto-Outlook-April-2020.pdf
January 2020 Crypto Outlook: https://data.bloomberglp.com/professional/sites/10/Bloomberg-Crypto-Outlook-January-2020-edition.pdf
Links from news recap:
https://unchainedpodcast.com/the-case-for-bitcoin-on-ethereum/