The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.
"I've been studying this topic for a long time and the more research I do, the more I tend to bearish. All this is very similar to the Internet company of the late 90's, "McGlone emphasized.
Who is this McGlone, who then considers him an expert?
is Mike McGlone a high-class trader, and has a big capital in cryptocurrency especially bitcoin?
I think Mike McGlone just made the speculation that can not be accounted for. if bitcoin reaches $ 900 why bitcoin is currently in the position of $ 9000. do not trust news that has no obvious source because it only causes panic sell. and we should be optimistic if bitcoin will be at the highest price.