Mike McGlone, senior commodity strategist for Bloomberg Intelligence, explains why he believes Bitcoin is modern, has begun to cement its position as a digital version of gold and is changing into much less of a dangerous investment and more of a mode to decrease one’s possibility in a portfolio — but why he doesn’t accept as true with it as a rate machine. He describes how he expects the halving to impress the price of Bitcoin, why the on-chain metrics vs. impress appear to him solid signs of adoption and why he views Ethereum as “just one more one of many 5,000 cryptos available in the market.” Plus, he talks about why elevated utilization of stablecoins and central monetary institution digital currencies will most effective be bullish for Bitcoin.

Thank you to our sponsor!

Crypto.com: https://crypto.com

Episode hyperlinks:

Mike McGlone: https://twitter.com/mikemcglone11 https://www.linkedin.com/in/mike-mcglone-a8442513/

Bloomberg’s Crypto Newsletter: https://www.bloomberg.com/skilled/crypto-e-newsletter/

April 2020 outlook: https://knowledge.bloomberglp.com/skilled/sites/10/Bloomberg-Crypto-Outlook-April-2020.pdf

January 2020 Crypto Outlook: https://knowledge.bloomberglp.com/skilled/sites/10/Bloomberg-Crypto-Outlook-January-2020-edition.pdf

Links from news recap:

https://unchainedpodcast.com/the-case-for-bitcoin-on-ethereum/