Mike McGlone said the current bear market in Bitcoin could have implications for gold and other risk assets. He also noted that U.S. President Donald Trump's shift from being a crypto antagonist to an enthusiast contributed to his reelection in 2024. McGlone highlighted Bitcoin as the first-born crypto in his analysis.
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But we saved everything 🙂.
But we saved everything 🙂.
McGlone has recently commented on price levels in other commodities. He observed that U.S. natural gas futures remained below $4 while managed-money net-short positions increased. In another note, he identified $2,000 as a resistance point for platinum after its decline from near $3,000 an ounce.
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TU score: 9.4/10
Your capital is at risk.
TU score: 9.2/10
Your capital is at risk.
TU score: 9.1/10
Your capital is at risk.
TU score: 8.9/10
Your capital is at risk.
TU score: 8.7/10
Your capital is at risk.
TU score: 9.4/10
Your capital is at risk.
TU score: 9.2/10
Your capital is at risk.
TU score: 9.1/10
Your capital is at risk.
TU score: 8.9/10
Your capital is at risk.
TU score: 8.7/10
Your capital is at risk.
