Bitcoin “discount” may fuel it to a new high: Bloomberg’s mikemcglone11
, has taken to Twitter to say that Bitcoin is in a good position at the moment, despite the big “discount” it is trading at.McGlone shared a screenshot with an extract from a recent Bloomberg report. According to it, this year, the leading digital currency has joined the line of other major assets – gold and US Treasuries – becoming a global store of value.
While commodities and global GDP have been declining, and Fed promises more interest rate hikes as part of hawkish stance to fight the inflation. This strategy of the US central bank was caused by the big rise in energy prices globally in the first half of the year.
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