
Bitcoin to Continue Outperforming Other Cryptos, McGlone Predicts
In a recent interview, cryptocurrency expert and analyst, Dennis McGlone, warned investors of significant corrections in the market. On a 100-day basis, he noted that the Bitcoin to S&P 500 correction is about 0.50, stating it’s the highest in this history. He emphasized that crypto tends to go down by much more than expected during such significant corrections.
Despite his warning, McGlone believes that Bitcoin will continue to outperform other cryptos. According to him, Bitcoin remains among the most risky assets, but he predicts that it will eventually start trading like gold and bonds in the future.
It’s essential for investors to keep this prediction in mind as they make their investment decisions.
Source: u.today