Bloomberg analyst: crypto faces lose-lose scenario on hawkish Fed
- —BGCI has underperformed the market since 2017, but with four times the volatility
- —McGlone expects at least one more Fed rate hike in 2026
- —U.S. equity market cap to GDP is at a roughly century high
- —BGCI composition: BTC 35%, ETH 35%, XRP 15.6%, SOL 10.2%
Why it matters: A signal of liquidity squeeze risk: with a hawkish Fed and an S&P 500 correction, crypto's high correlation with equities would amplify losses.
Source: Bitcoin.com