Bloomberg Intelligence’s senior macro strategist Mike McGlone warns that Bitcoin’s (BTC) parabolic ascent over the last decade or so looks eerily similar to the 1929 stock market bubble. McGlone says that the high-interest rate environment reminds him of the conditions that led to the collapse of the stock market in 1930. The analyst shares a The post Bitcoin Mirroring 1930 Stock Market Crash, Tech Progress From Nearly 100 Years Ago: Bloomberg Analyst appeared first on The Daily Hodl .
