Bloomberg Analyst Explains Why Bitcoin Is Relatively Cheap at Current Price Levels

Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence (Bloomberg’s research arm on the Bloomberg Terminal”), says that Bitcoin’s current price is approaching “extreme discount” territory relative to 2018 and 2020 lows. According to a tweet by McGlone, the price of Bitcoin is on the verge of reaching strong support, constituting what has historically been an “extreme discount.” McGlone’s tweet […]