Will Bitcoin outperform stocks in 2022? This analyst says there's a good case to be had.
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:
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
U.S. Global Investors CEO: Gold will rise in 2022, but millennials will drive Bitcoin to thriveFrank Holmes, CEO of investment firm U.S. Global Investors, has projected that despite gold holding the potential to rise in... Continue reading
Lire la suite »
Ethereum Became 140% More Profitable Than Bitcoin in 2021 and Already Performs Better in 2022Ether heavily outperformed Bitcoin in one of the most successful years yet for the digital assets industry
Lire la suite »
Fed a 'bigger risk' in 2022 than inflation, market expert warnsIndependent Advisor Alliance CIO Chris Zaccarelli on how inflation impacts Federal Reserve policy.
Lire la suite »
SpaceX has successful first launch of 2022 with new Starlink missionAccording to space forecasters, weather is looking 80% favorable at launch time.
Lire la suite »
Java in 2022: Some Predictions and Assumptions | Hacker NoonThe need to work from home and the inability to freely move around the world has stimulated the development of data security, cloud computing, big data, tools for remote work. The Java language and platform are still in demand and evolving. In this article, I'm going to talk about what will influence the development of Java in 2022 and what to expect for developers of this language.
Lire la suite »
The Best of CES 2022Explore Gizmodo's magazine 'The Best of CES 2022', followed by 306769 people on Flipboard. See more stories about OnePlus, Consumer Tech, Smart Homes.
Lire la suite »