Jan 13, 2022
This week on the show Dan sits down with Mike McGlone, Senior
Commodity Strategist for Bloomberg Intelligence. Mike has more than
25 years experience in futures and commodities trading beginning at
the Chicago Board of Trade.
Mike claims "the game is over"… The Federal Reserve will continue to tighten until the stock market goes down. We're long overdue for a correction, and this country's inflation is at its highest rate in 40 years. The Fed will take away the punch bowl, and guess what will come out ahead as a result? Cryptos...
Dan and Mike dive into bitcoin, which Mike says is the "least risky" crypto out there. He explains that bitcoin is still in its price-discovery stage, steadily gaining adoption in a world that’s going digital. Bitcoin is currently our benchmark digital currency – well on its way to becoming the global digital collateral.