Mike McGlound: "I believe in the success of bitcoin and ether" – Bits Media

The analyst of the Bloomberg publication was impressed by the resistance of bitcoin and ether against the backdrop of the fall of the cryptorrhist and said, that believes in the future of top digital currencies.

Mike McGlound (Mike McGlone) He emphasized in an interview, that cryptocurrencies, Despite the not too good 2022 year, All They are more fixed in the mind of investors. More and more commodity traders pay attention to digital assets:

“Products have problems with the elasticity of supply and supply. Manufacturers will always be able to create more goods for less money, Well, or hope for the stupidity of people. In cryptocurrencies, everything is different-the number of available ETH and BTC decreases, And their acceptance is still insignificant. When I look at this situation, I remember Netflix, This is the best way to make money ".

Macglone believes, that the courses of bitcoin and ether will most likely grow significantly. However, assets need to overcome the resistance of the falling market of shares - the cryptocurrency market, generally, Corrections with the stock.

“I'm completely sure, that bitcoin and ether will show themselves better than other assets, But they will still be put on the pressure when the stock market falls. In fact, I was shocked by ETH - despite all the vicissitudes, He grew up in price on 10%. Yes, air may lose this growth, But I'm sure: He will keep support at $ 1,000 ", - predicts Bloomberg analyst.

In early November, Mike McGlone already spoke, What is confident in the growth of bitcoin and ether - this is facilitated by the adoption of these assets by society.