Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
"The rock beating stocks in a record-setting year for risk assets -- notably cryptos -- could augur wealth-effect limits favoring the store of value," he said earlier this week. During a recent interview with Kitco, McGlone opined that 2024 could not get any better for Bitcoin. He has also stressed that gold was a significant Bitcoin competitor."You can't really hold gold anymore without some Bitcoin in that space. Anybody under 30 doesn't buy gold. They don't really care," he said.
At the same time, he pointed to the fact that Bitcoin has a high correlation with the U.S. stock market, which is at its highest level ever relative to the U.S. GDP. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.