Unexpected Bitcoin tweet issued by Bloomberg's Mike McGlone. $BTC
McGlone believes that if Bitcoin fails to rise higher than the current $30,000 level, it may be a bad sign for the whole U.S. economy."If Bitcoin stalls, there may be a bigger issue" with Nasdaq
The expert reckons that should the flagship cryptocurrency, which many believe to be"the fastest horse in the race," stall in the $30,000 range despite the hype created by the potential launch of a BTC spot ETF, it may indicate bigger economic issues than the U.S. is seeing now.that since the end of Q1 this year, the Bitcoin price has risen by 5%, unlike the Nasdaq Composite index, which increased by almost 20%.
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