Macro· ★★★· bearish·

Bloomberg's McGlone Compares Bitcoin Risk Setup to 1929 Crash

  • —McGlone likened current conditions to the run-up to the 1929 crash
  • —US equity market cap stands at 2.5 times GDP
  • —The strategist tied the risk setup to policy after Trump's 2024 win
Why it matters: The warning about stretched equities signals correction risk that could drag bitcoin and the broader crypto market lower.
#BTC
Source: Coinotag
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