Published On Sep 20, 2021
Mike McGlone, Bloomberg Intelligence Commodity Strategist, tells our Daniela Cambone there is a high probability the U.S. follows Canada by creating cryptocurrency ETFs, with strong pressure building for U.S. regulators to allow them.
McGlone says he has underestimated the reallocation of capital from gold to Bitcoin and Ethereum this year, with cryptocurrencies limited supply overtaking the precious metal.
"The U.S. stock market is overdue for a wobble," says McGlone, which will force central bankers to turn up the spigots even more. He believes that this base case will only further add to the divergent strength of the strongest cryptocurrencies.
#bitcoin #cryptocurrency #gold
Prepare yourself for a financial lockdown: https://www.wakeupcall2021.com/
Check out Daniela's latest interviews here! - https://stansberryinvestor.com/daniel...
Be sure to sign up for exclusive access to content and interviews from Daniela that you can't find on YouTube! - https://danielacambone.com/?utm_sourc...
______________________________
Follow us on Facebook: / stansberryresearch
Follow us on Twitter: / stansberry
Follow us on Instagram: / stansberry_research
Follow us on LinkedIn: / stanberry-research