đ¨ Bitcoinâs Surge Could Backfire â Fed May Tighten Policy, Warns McGlone
Bloombergâs senior strategist Mike McGlone has warned that the simultaneous rally in Bitcoin, gold, equities, and Treasury yields looks unsustainable. He cautions that if risk assets keep climbing, it could stoke inflation fears â forcing the Federal Reserve to consider tightening policy instead of easing, despite political pressure to cut rates.
Meanwhile, Bitcoin has slipped from its $119,111 local high to around $111,980, confirming McGloneâs call for post-summer volatility.
On the institutional side, Michael Saylorâs firm Strategy continues to double down, adding 430 BTC (~$51.4M) to its treasury, bringing total holdings to 629,376 BTC â now worth over $70B.
Bottom line: Bitcoinâs rise may not only fuel optimism but also provoke a hawkish Fed response â a risk investors canât ignore.
#BTC #BTCâ #TrendingTopic #BinanceHODLerPLUME #StrategyBTCPurchase