Bitcoin Outperforming S&P 500 Year-to-Date Is an ‘Accomplishment,’ Says Bloomberg Analyst – But There’s a Catch
2025-07-04 03:31:12
Description
Bloomberg commodity strategist Mike McGlone says Bitcoin ( BTC ) outperforming the S&P 500 year-to-date was a success for the crypto king. In a new thread, McGlone tells his 68,800 followers on the social media platform X that the top crypto asset by market cap is surging vs stocks, which themselves could see further drawdowns if the market enters a recession. “Recovering to unchanged in 2025 as of April 23 was an accomplishment for Bitcoin vs. the S&P 500’s almost 10% decline. Yet what some see...
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