Bloomberg Analyst: "Recession is Coming... BTC Likely to Drop More Than Stock Market"

According to Finbold, Mike McGlone, Senior Macro Strategist at Bloomberg Intelligence, stated that "if the financial market enters a recession, Bitcoin could collapse more severely than stocks." He added, "Judging by key U.S. financial indicators, a recession is expected, and the stock market could face significant difficulties. Particularly, Bitcoin, with its volatility three times greater than that of the stock market, could see a larger decline. On the other hand, gold is expected to rise."