Bitcoin may struggle to break past the $100,000 mark, according to Bloomberg analyst Mike McGlone, who views this level as a potential long-term ceiling. McGlone suggests that excessive speculation in the cryptocurrency market has peaked, making it harder for Bitcoin to sustain significant upward momentum. The analyst believes that gold could outperform Bitcoin as global investors shift toward safer assets amid rising risk-off sentiment. Despite Bitcoin reaching the highly anticipated $100,000 level, it is now lagging behind gold in performance. According to McGlone, this trend reflects… Read more
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