Bloomberg Analyst Mike McGlone On BlackRock Bitcoin ETF, BTC Price $40K, And Recession

Bitcoin hit a one-year high of $31,400, a price last seen before the May 2022 Terra-LUNA crisis that collapsed and started a set of troubles for the crypto market. Notable analysts and experts predict an upcoming BTC price rally, Bloomberg Intelligence’s senior strategist Mike McGlone warns of many headwinds for Bitcoin price to hit $40,000.

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