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Bitcoin to Continue Outperforming Other Cryptos, McGlone Predicts
Alex Dovbnya, a cryptocurrency expert and journalist, recently sat down with John McGlone, the Director of Trading at HighTower Advisory, to discuss his Bitcoin price prediction. In the interview, McGlone stated that he believes Bitcoin will continue to outperform other cryptocurrencies in the market.
McGlone noted that while he did not expect Bitcoin’s price to increase by another 30% or 40%, it would still likely continue its strong performance compared to other digital assets. He warned investors, however, that crypto tends to drop much more significantly than expected during significant corrections.
In comparison to U.S. stocks, McGlone pointed out that Bitcoin needs a roughly 30% increase to double in value next year. He emphasized the importance of diversifying investments and being cautious during market fluctuations.
The expert also touched on his prediction that Bitcoin will eventually start trading like gold and bonds in the future, further solidifying its position as a global digital collateral.
Source: u.today
