The Federal Reserve’s signaling for tighter monetary policy in 2022 could provide short-term headwinds for risk assets such as stocks and cryptocurrency, but there’s a good chance that Bitcoin still comes out on top as investors recognize its value as a digital reserve asset, according to Bloomberg commodity strategist Mike McGlone.
“Stretched markets have become common, but commodities and Bitcoin appear to be early reversion leaders,” McGlone said. “It's a question of bull-market duration, and we see the benchmark crypto coming out ahead.”revealed on Wednesday that central bankers are ready to aggressively curb their stimulus support more quickly than previously expected.
Although stimulus reduction is usually considered negative for risk assets, a broad category that includes equities and cryptocurrencies, McGlone believes Bitcoin is in a unique position to outperform in this environment:
Everyone is quite positive about the possibility of Bitcoin growth in 2022. We must be patient, wait and hodl.
You all should follow Eden_sbe he knows his stuff when it come to Bitcoin , his tweets and tips have been really helpful in the space I just feel like this is a time to get bullish on BTC ,I believe 2022 could be very well the year where $BTC will show it’s true potential.
Definitely prepared to take action!! xrdoge
bitcoin is on a crash course and stock market bubble is about to burst, both will decline so no point analyzing which asset class will lose the most
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