🚨#Bitcoin Stagnates at $30,000: What's the Threat to the Economy?🚨
Mike McGlone points out the potential consequences of BTC failing to break above 30K. 📉
“If Bitcoin stabilizes, there could be a bigger problem with Nasdaq” 📈
Despite the excitement around the BTC spot ETF launch, Bitcoin's 5% rise since Q1 contrasts sharply with the Nasdaq's 20% rise. 📊
McGlone thinks that a significant decline may be required for BTC to rise further. A pause at 30K could signal an impending deflationary economy. ⚡️
BlackRock's application for a BTC spot ETF caused a short-lived price increase. Analysts predict that the USA will enter a possible recession in the second half of 2023. 📆
