Crypto Currency Tracker logo Crypto Currency Tracker logo
The Daily Hodl 2023-05-17 11:45:23

Potential US Debt Default Could Crush Crypto and Stock Markets, Warns Bloomberg Strategist

Bloomberg Intelligence’s senior commodities analyst Mike McGlone believes that risk assets will be worse off if the US defaults on its debt. McGlone says in a new Wolf of All Streets roundtable discussion that he is bearish on crypto assets and stocks while bullish on gold amid negotiations to raise the US debt ceiling before The post Potential US Debt Default Could Crush Crypto and Stock Markets, Warns Bloomberg Strategist appeared first on The Daily Hodl .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.