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October 4, 2022
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Mike McGlone: ​​Today You Should Buy Bitcoin And Gold –

Bloomberg Intelligence’s senior commodity strategist Mike McGlone may have decided to reconcile gold and Bitcoin. He said investing in gold should be topping up with buying BTC.

Mike McGlone: ​​buy gold and BTC

In a new interview with Stansberry Research, McGlone noted that our world is starting to be digitized. As a result, gold is no longer a safe haven.

Looking ahead to the world moving on to [model] digital, Bitcoin will become a competitor to gold. Bitcoin should be in the same basket [co złoto]because if you only keep gold in it, you are a bit vulnerable without Bitcoin – He said.

In his opinion, Bitcoin is “New version of gold”.

I can see it, I can feel it. Many indicators show that flows [kapitału] they go this way. Some flows [środków] the old guard turned to Bitcoin. It makes sense. It means: let’s look to the future – added.

Bitcoin is like gold 40 years ago

McGlone also said that today the cryptocurrency exchanges show the same volatility in the exchange rate that existed on the gold market four decades ago.

When people say Bitcoin’s volatility is high, it is. My point is, gold has been around since the dawn of time. Bitcoin’s annual volatility is now around 50 – added.

He recalled that the same exchange rate volatility was visible in the case of the gold market in 1980.

– So when people say that [Bitcoin jest niestabilny, mówię, że] it is because of many unique things. But compared to other assets [zmienność] is the lowest in [jego] history – He said.

Today, one Bitcoin has to be paid for $ 33,891, which translates into a 5% price jump. on a 24-hour scale and over 3 percent within 7 days.

Current course You can always check Bitcoin and other cryptocurrencies in the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . A place where you can buy BTC and more coins, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will learn how to efficiently create one: LINK.

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