Altcoins

Here’s How Bitcoin and Altcoins Are Set To Perform In H2-2022!

Written by: Elena R

Written by right arrow

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

  • author twitter

Jul 27, 2022

news-image

The Year 2022 has not been a good year for the cryptocurrency space as the bears continue to dominate and paint the markets red. 

The market was hit by the Terra (LUNA) crash, followed by several crypto lending firms filing for bankruptcy along with increasing inflation and interest rate hikes.

The price action displayed by the market is not favorable. However, all hope is not lost. One of the senior analysts and strategists at bloomberg , Mike McGlone , believes that Bitcoin (BTC) will witness a positive price action in the second half of the year.

The analyst took to Twitter to express his views. He said that Bitcoin is gearing itself to outperform in the days to come.

Further, McGlone claims that in the second half of 2022, Bitcoin and bonds could see a massive bull run. 

These claims from the strategist emerge as he believes Bitcoin is one of the fastest growing assets since its introduction. He suggests that the asset could be on the verge of transforming itself into global collateral.

Next, while talking about Bitcoin volatility compared to other assets, McGlone compares it to the Bloomberg Commodity Index (BCOM) and says this will push it to outperform in H2.

Show More

Was this writing helpful?

dislikeimage No myImage Yes

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Related Articles

Back to top button