Bloomberg LP Senior Commodity Analyst Mike McGlone Predict a Hike in Bitcoin Prices.
The second quarter of 2022 will be a good start for Bitcoin.
Bloomberg LP (limited partnership), a famous name in technology and a global media outlet, was established in 1981 by Michael Bloomberg with his colleagues Charles Zegar, Thomas Secunda, and Duncan MacMillan.
Bloomberg’s first and main headquarter is in New York(United States of America). Bank of America owns a 12% stake in Bloomberg company.
Bloomberg limited partnership offers various software tools, specialising in the software and tech sector, including the media and data providence industry.
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Some renowned products owned and headed by Bloomberg are Bloomberg radio station, Bloomberg television network, Bloomberg news outlet and Two other globally famous weekly and monthly magazines, Bloomberg Market and Bloomberg Businessweek.
Mike McGlone, the Senior Commodity Analyst at Bloomberg, has indicated that the price of a famous cryptocurrency will acquire a new market and may record a hike in their prices in the second quarter of 2022.
Mike McGlone Communicated his opinions through his Twitter account that facts of BGCI (Bloomberg Galaxy Crypto Index) show signs of hiking Bitcoin prices in the upcoming second quarter of 2022.
https://twitter.com/mikemcglone11/status/1544632603889864704
In his statement, Mike McGlone stated that Bitcoin was always the Bull in the crypto market and will maintain its position.
Bloomberg Galaxy Crypto Index is specially developed to analyse the purpose of different cryptocurrencies’ performances.
And the data of the Bloomberg Galaxy Crypto Index may many times prove to be so true, and in 2019 it predicted a hike in bitcoin prices, and it happened in that year and the price of bitcoin rose.
Conclusion
Bloomberg is a globally renowned company for its products and services. Mike McGlone, the Senior Commodity Analyst at Bloomberg, stated that by the end of the second quarter of 2022 will recapture its lost position in the market, including Mike McGlone and many other ans predicted the hike in the bitcoin market. It is also believed that Bitcoin’s price of Bitcoin faced a downtrend because of the $650million hack which took place at the end of 2021 and the beginning of 2022.
Source: https://www.thecoinrepublic.com/2022/07/07/bitcoin-will-bounce-in-the-second-quarter-of-2022-bloomberg-analyst/