Leading expert of Bloomberg Intelligence expects continuation of Bitcoin's downward movement
, chief commodity strategist at Bloomberg Intelligence, has taken to the X social media platform to share that he believes there are high chances of Bitcoin falling lower this year – perhaps as low as $10,000.McGlone believes that as the fourth quarter has started, the liquidity for the world's leading crypto, Bitcoin, is likely to remain negative, with price implications.
The chart shared by McGlone shows the price of Bitcoin going down, aligning with the federal funds future in one year ."Coming of age in a zero interest-rate world, the crypto hangover could be enduring as global rates continue to rise, despite recession signals," he added.on the X app that while this indicator remains above 5%, the prospects of liquidity easing from the Federal Reserve remain limited. Should the index begin rising, it may hit all risk assets, as well as Bitcoin.
Kiyosaki tweeted that he expects a CBDC to be issued by the U.S. Fed pretty soon. Per Kiyosaki, this will allow the Fed to constantly surveil users and how they spend. In the past, many prominent figures in the world of finance and crypto have shared their concerns about China doing the same with their CBDC – the digital yuan.
Once Fed Coin enters the market, Kiyosaki wrote, gold, silver, Bitcoin and cash will become priceless, so he recommends his readers on Twitter start accumulating these assets as soon as possible.Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects.
His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.Elon Musk's Tweet Pushes This Gamer Coin Price UpDid Whales Push Bitcoin Above $28,000? Here's What Happened: Report
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