Bloomberg Analyst Thinks 10-20% Stock Dip Will Boost Bitcoin

Bloomberg analyst cautioned investors not to bet against the Fed, as he sees markets dropping 10-20%. However, he also sees a silver lining for Bitcoin, but not for altcoins. On Tuesday, Mike McGlone, the Senior Commodity Strategist for Bloomberg, appeared on the Wolf of All Streets podcast. There, he cautioned both stock and crypto investors against risk bets. Namely, he believes that the Federal Reserve is serious about raising interest rates. Unfortunately, that's a move that will likely hurt risk…

Crypto Prices Collapse as Bitcoin Dips Below $43k

Bitcoin crashed, together with other cryptos, on news that rate hikes may come sooner than expected. The crypto fear and greed index tipped to extreme fear as the oldest crypto dropped below $43,000. Other cryptos followed, with Ethereum dropping 12%, to $3,300. Most other major cryptos also posted losses in the double digits. Binance coin dropped to $460, down 10%. Solana dipped almost 13%, below $150, while Cardano dropped to $1.21, almost 10%. In total, the crash wiped out $200 billion in…

Nexo Founder Explains His Case For $100,000 Bitcoin

Founder of one of the largest crypto lending sites thinks Bitcoin could reach $100,000 in 2022. That's because the Fed' won's stop printing money - making other countries turn to BTC. Antoni Trenchev, the co-founder of Nexo, one of the largest lending sites for crypto globally, shared his predictions for crypto. In the short interview, the Bulgarian businessman spoke about why he is bullish on Bitcoin. He also revealed why he thinks the "digital gold" could reach $100,000 in the middle of…