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Bitcoin to Continue Outperforming Other Cryptos, McGlone Predicts
McGlone, a renowned cryptocurrency expert and trader, has made another bold prediction. He believes that Bitcoin will continue to outperform other cryptocurrencies, stating that it is currently the only digital asset capable of performing well in significant corrections.
According to recent data, Bitcoin has shown resilience in the face of market volatility, with its 100-day correction standing at around 0.50. This is a stark contrast to other assets, which have seen much more severe downturns.
In his latest statement, McGlone emphasized that cryptocurrency markets often experience substantial corrections, and he warned investors not to expect a smooth ride. “On a 100-day basis, the Bitcoin to S&P 500 correction is about 0.50,” he noted. “It’s the highest in this history.”
Despite his warning, McGlone remained optimistic about the long-term prospects of Bitcoin. He believes that it will eventually start trading like gold and bonds, but for now, it remains a high-risk asset.
In the past, McGlone has expressed similar views, stating that Bitcoin is still in its early stages of becoming a global digital collateral.
Source: u.today
