Bloomberg Macro Strategist Says US Bonds Sucking Liquidity Out of Crypto and Risk Assets – Here’s His Outlook

Bloomberg Intelligence’s senior macro strategist Mike McGlone says that one major factor has him bearish on the crypto markets. In a new interview with crypto analyst Scott Melker, McGlone says that the high interest rates currently offered on US Treasury Bills (T-Bills) is sucking liquidity out of the crypto markets. T-bills are short-term government debt The post Bloomberg Macro Strategist Says US Bonds Sucking Liquidity Out of Crypto and Risk Assets – Here’s His Outlook appeared first on The Daily Hodl .