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Top analysts clash on Bitcoin outlook as oil shock rattles markets

From thestreet.com

The financial world is currently divided over how energy markets influence digital wealth. As tensions in the Strait of Hormuz sent Bitcoin prices rallying toward $73,000 on March 4, two prominent analysts presented completely opposite visions for what comes next. On one side, Senior commodity strategist for Bloomberg Intelligence, Mike McGlone warns that "oil volatility will spill into stocks and crush crypto." On the other, Maelstrom CIO Arthur Hayes argues that the chaos could eventually trigger a massive Bitcoin rally. McGlone views Bitcoin as a "bear market" asset that is currently vulnerable. He ... (full story)

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  • Category: Fundamental Analysis