{"id":68310,"date":"2022-10-10T10:34:40","date_gmt":"2022-10-10T07:34:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=68310"},"modified":"2025-09-07T13:26:35","modified_gmt":"2025-09-07T10:26:35","slug":"opinion-bitcoin-to-outpace-other-assets-in-growth-by-year-end","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/opinion-bitcoin-to-outpace-other-assets-in-growth-by-year-end\/","title":{"rendered":"Opinion: Bitcoin to outpace other assets in growth by year-end"},"content":{"rendered":"

Bloomberg Intelligence senior commodities strategist Mike McGlone forecast near-term upside in the price of the leading cryptocurrency. He is confident that by the end of 2022, digital gold will outperform its peers.<\/p>\n

According to the Bloomberg Cryptos Outlook<\/a>, in the first half, among major asset classes, only commodities rose. Analysts say this matters for Bitcoin.<\/p>\n

During downturns, digital gold and Ethereum tend to outperform most major assets, experts note. McGlone called an increase in interest rates<\/a> by central banks a ‘strong tailwind’.<\/p>\n

He noted that since 2014, October has been Bitcoin’s best month. The analyst believes that the Ethereum transition to the Proof-of-Stake consensus algorithm<\/a> could help it and Bitcoin settle above the $1,000 and $20,000 levels, respectively.<\/p>\n

Earlier, Galaxy Digital CEO Mike Novogratz called the main driver of Bitcoin’s resurgence<\/a> the Fed’s retreat from aggressive rate hikes in its fight against inflation.<\/p>\n

In September, former George Soros associate at the Quantum fund, billionaire Stanley Druckenmiller forecast the revival of digital assets<\/a> amid the collapse of the fiat-based economy.<\/p>\n

Follow ForkLog’s Bitcoin news on our Telegram \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bloomberg Intelligence senior commodities strategist Mike McGlone forecast near-term upside in the price of the leading cryptocurrency. He is confident that by the end of 2022, digital gold will outperform its peers.<\/p>\n","protected":false},"author":1,"featured_media":68311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1138],"class_list":["post-68310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=68310"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68310\/revisions"}],"predecessor-version":[{"id":68312,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68310\/revisions\/68312"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/68311"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=68310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=68310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=68310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}