Bloomberg Intelligence senior commodity strategist Mike McGlone thinks Bitcoin (BTC) is trading for less than it should be. McGlone says in a new report that he views Bitcoin as akin to internet stocks in 2001-2002. “Our graphic shows Bitcoin consolidating at the steepest-ever discount to its 100-week moving average. What’s notable is that the benchmark […]The post Bitcoin Trading at a Discount, Says Bloomberg Strategist Mike McGlone – Here’s What Could Fuel BTC Recovery appeared first on The Daily Hodl.
