Bitcoin May Be Repeating 1929 Great Depression, Top Bloomberg Strategist Warns – U.Today
In a recent post, Bloomberg Intelligence’s senior macro strategist Mike McGlone drew a direct parallel between the Bloomberg Galaxy Crypto Index in 2025 and the Dow in 1929, calling the setup “Peak Bitcoin?” and framing the current phase as the early stage of a purge, not a pause — a purge similar to the one that...
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