A snapshot shared by Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence, on Mar 8 points to convincing statistics showing an accelerated influx to Bitcoin in recent month. The Bitcoin …
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Bitcoin ‘pushing aside’ gold as a store of value, according to Mike McGlone
A number of indicators suggest that Bitcoin (BTC) is pushing aside gold as the premier safe-haven asset. This could set the stage for wider mainstream adoption of the digital currency, …
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JPMorgan to advise clients to expose 1% of their portfolio to Bitcoin
In a recent note to clients, strategists from JPMorgan suggested a one percent portfolio allocation to Bitcoin and other cryptocurrencies. As reported by Bloomberg, JPM strategists Joyce Chang and Amy Ho opined …
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Biggest Bitcoin Fund Sinks to a Discount as Traders Flee
The world’s biggest Bitcoin fund is selling off faster than the cryptocurrency itself. The $32 billion Grayscale Bitcoin Trust (ticker GBTC) has plunged 20% this week, outpacing a 13% decline …
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