Published by
Benzinga
Benzinga
Mike McGlone, Bloomberg’s macro strategist, says that Bitcoin (CRYPTO: BTC) is displaying bearish indicators despite other high-risk assets’ upward movement. What Happened: In an interview with Kitco News last week, McGlone said that an “economic reset” will likely result in the continuation of Bitcoin’s recent downward trend, despite the projection that the flagship cryptocurrency will reach a six-figure value. “I think, eventually, it’s going to get to $100,000, but if we get the global economic reset, I think we’re going to get a normal deflationary recession, housing coming back down, stoc…