Bloomberg’s chief commodity strategist, Mike McGlone, has warned that the parabolic rise of the largest cryptocurrency, Bitcoin (BTC), over the past decade is eerily similar to the inflation of the stock market bubble in 1929. The Biggest Obstacle to Bitcoin’s Rise: The Fed McGlone stated that the high interest rate environment reminded him of the major stock market crash in the 1930s. The post Bitcoin’s Parabolic Rise Resembles the 1929 Stock Market Bubble, Says Bloomberg Strategist appeared first on COINTURK NEWS.
