Bloomberg Intelligence’s senior commodity strategist Mike McGlone once again made important predictions. Mike McGlone says investing in gold without holding Bitcoin can expose investors to market risks. Mike McGlone argues that Bitcoin should be in every gold investor’s portfolio.

 

 

Mike McGlone: ​​Gold alone is not enough as a safe haven!

In a rapidly digitalizing world, yellow metal itself is insufficient as a safe haven, Bloomberg Intelligence’s senior commodity strategist Mike McGlone said in a new interview with Stansberry Research. Mike McGlone adds the following to his comments on the subject:

WHEN I LOOK FURTHER IN A DIGITIZED WORLD, I SEE BITCOIN ADDED COMPETITION TO GOLD. BUT I SEE THAT THE BITCOIN IS NECESSARY TO BE IN THE SAME BUCKET, BECAUSE IF YOU ONLY HOLD THE GOLD, I FEEL THAT YOU ARE SOME BARE WITHOUT BITCOIN.

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Mike McGlone: ​​The new version of Bitcoin gold! So it should be in portfolios
Commodity strategist emphasizes that Bitcoin is the “new version of gold”. Mike McGlone adds the following to his comments on the subject:

THE MOST IMPORTANT RISK FOR ANYONE WHO EXPECTED GOLD WITH FOUR EYES, I WOULD NOT SEE THE GOLD POSITIONS SITUALLY BARE IF IT IS NOT PAIRED WITH BITCOIN. BECAUSE BITCOIN IS THE NEW VERSION OF GOLD. AND I SEE IT, I FEEL. AND MOST OF THE INDICATORS SHOW THAT FLOWS GO IN THIS DIRECTION. SOME OF OLD PROTECTIVE GOLD INSECTS AND GOLD FUNDS DIRECTED TO BITCOIN. SENSIBLE. WHAT I WANT TO SAY, LETS LOOK TO THE FUTURE …

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Mike McGlone: ​​Bitcoin volatility is the lowest compared to other assets

Mike McGlone also points out that the leading cryptocurrency now has the same volatility levels as gold was forty years ago. Mike McGlone adds the following to his comments on the subject:

SO WHEN PEOPLE SAY THAT THE BITCOIN FLUCTURE IS HIGH, YES, I AM SURE IT WAS ONLY 10 YEARS. WHAT I WANT TO SAY IS THE GOLD MIDDLE SINCE THE TIME. AND BITCOIN’S YEARLY DAMAGE IS AROUND 50. THIS IS A LONG-TERM MEASURE AND THIS IS THE SAME OF THE VOLATILITY LEVELS THAT GOLD WAS TREATED AT THE TIME WHEN THE GOLD LIVED AN RALLY THAT LARGER. Hence, PEOPLE FOR ME ALWAYS APPEAR TO NEW SUMMITS WHEN BITCOIN IS CHANGED. THERE IS A LOT OF UNIQUE THINGS HAPPENING. BUT VOILITY IS THE LOWEST LEVEL EVER COMPARED TO OTHER ASSETS…

Here are Mike McGlone’s successful predictions

Bloomberg analyst Mike McGlone stated and knew that Bitcoin will see $ 10,000 in early 2020. Mike McGlone gave the good news of $ 12,000 while the Bitcoin price was around $ 9,000 in recent months, and he knew that. Apart from these, the analyst has other successful predictions.

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