Mike McGlone: Crypto will rise again in 2023
Mike McGlone, a Bloomberg commodities strategist, believes that the cryptocurrency market will rise again in 2023. In a new analysis, McGlone notes that the value of the cryptocurrency market declined by $1.3 trillion in 2022, as of early December, which is roughly equivalent to the combined decline in market capitalization of Amazon and Google.
According to McGlone, this decline shows that the cryptocurrency market is still in its early stages....