Bloomberg senior analyst: Bitcoin may become a global collateral

[Bloomberg senior analyst: Bitcoin may become a global collateral] Golden Finance reported that Bloomberg Intelligence senior commodity strategy analyst Mike McGlone said: "Bitcoin and cryptocurrencies are a key part of the 2021 boom. , so part of the 2022 boom, but I see bitcoin and ethereum leading the way. In a world where bitcoin is becoming global digital collateral and ethereum is the main driver of the digital revolution, this could Proven from the most widely traded cryptocurrency – the stablecoin.” (beincrypto)

Other news:

Bloomberg Market Research: The Federal Reserve shrinks its balance sheet, technology stocks and cryptocurrencies are in a worrying situation: On June 6, Bloomberg issued an article saying that as the Fed is shrinking its nearly $9 trillion balance sheet, the speculative darling of the era of easy money technology Stocks and cryptocurrencies are now extremely vulnerable. Meanwhile, central bankers from Canada to Europe are about to test the resilience of global markets. They have followed in the footsteps of hawkish U.S. policymakers in their mission to slash liquidity to end a bond-buying spree during the pandemic. That's the outlook facing Wall Street and the wider region, the most dominant answer given by the 687 participants in the latest MLIV Pulse survey. The Fed began reducing its asset holdings this month, a process known as "quantitative tightening."

The historic shift is seen as a notable threat to tech stocks and cryptocurrencies, two risk-sensitive assets that soared in the coronavirus-era market mania before plunging in this year's cross-asset crash. The era of ultra-cheap money now appears to be over, with the Fed's balance sheet contraction expected to last more than a year, while nearly two-thirds of respondents said the 40-year bull market in U.S. Treasuries is over. (Bloomberg) [2022/6/6 4:05:15]

Sound|Bloomberg analyst: USDT's rapidly growing market value is widening the gap between Bitcoin and altcoins: Mike McGlone, senior commodity strategist at Bloomberg Intelligence, pointed out in his latest report that USDT's rapidly growing The market capitalization is widening the gap between Bitcoin and other altcoins that are "the most speculative digital asset," and stablecoins like Tether could debunk many cryptocurrencies while boosting Bitcoin's value, Making it the gold equivalent of the crypto market. (AMBCrypto)[2020/1/10]

Analysis | Bloomberg: Many ETFs Drop Blockchain Word From Their Names Due To Regulatory Needs: More than a third of blockchain-related ETFs started trading with the U.S. Securities and Exchange Commission (SEC) last year, according to Bloomberg Waiting for the approval process of the regulatory agency to change the blockchain ETF to a transformational data sharing ETF. But Bloomberg argues that the SEC's crackdown on ETF names could mislead investors. [2019/4/15]