Bloomberg’s Senior Macro Strategist Predicts More Pain Ahead For Bitcoin

In his latest report titled “Crypto Outlook, June 2023,” Bloomberg’s Senior Macro Strategist, Mike McGlone, predicts more pain ahead for Bitcoin (BTC) and the broader cryptocurrency market. McGlone argues that despite a rebound in prices in 2023, the risks for the Bloomberg Galaxy Crypto Index remain tilted downward.Is Bitcoin Doomed?
According to McGlone, cryptocurrencies face several headwinds, including the potential for a US recession, a potential stock bear market, vigilan