Bloomberg analyst calls Bitcoin the ‘new version’ of Gold

posted 25 days ago
Bloomberg senior analyst Mike McGlone called Bitcoin an essential part of every investment portfolio. McGlone compared Bitcoin to a new version of gold, with the market favoring digitalization.

He said "Looking forward in a world going digital, I see Bitcoin is adding competition to gold. But I see Bitcoin should actually be in that same bucket because if you’re holding only gold, I feel it’s a little bit naked without Bitcoin."
Tags: bitcoin, news, opinion