Bloomberg Analyst Says Bitcoin Could Be Kicking Off New Supercycle As BTC Outperforms Gold

Bloomberg’s senior macro strategist Mike McGlone says that Bitcoin (BTC) vastly outperforming gold may be indicative of a new supercycle for the king cryptocurrency. McGlone tells his 55,000 Twitter followers that one of Bitcoin’s key advantages over gold is its low and rising adoption plus diminishing supply. “Looking for a super cycle? Bitcoin Outperforms Commodities With Declining Risk – Bitcoin beating gold, the top-performing old-guard commodity in 2023 to March 20, by almost 10x may be indicative of a super cycle happening in the crypto.” Source: Mike McGlone/Twitter The strategist is also forecasting that Bitcoin may be in a transitionary