Commodity strategist reveals what’s really powering the crypto rally

Key Points

1. Mike McGlone states that Bitcoin and cryptos may be fine as long as the stock market keeps going up.

2. McGlone highlights the intrinsic tie between crypto performance and stock market trends, noting that a view on cryptos requires a prior view of the stock market.

3. James Lavish of Bitcoin Opportunity Fund argues that Bitcoin will follow cycles of liquidity and credit expansion, positioning it as a protective asset like gold.

4. The article mentions the lack of retail euphoria in Bitcoin due to difficulties faced by new market entrants.

5. McGlone advises investors to approach Bitcoin with caution, considering its correlation with broader market trends.