Mike McGlone predicts a bigger drop in bitcoin

Bloomberg strategist Mike McGlone commented on bitcoin (BTC) falling to a two-month low.
In his opinion, the cryptocurrency has not yet reached its fundamentals, so another strong drawdown is waiting for us in the near future.
Mike McGlone recalled that in less than a decade BTC went from $100 to almost $70,000. However, the growth of its value resembled speculative pumping.

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