Bitcoin experiences significant drop below $94,000, high volatility cited, potential market turbulence predicted

From Investing.com

December 23, 2024 2:00:19 pm:

Bloomberg’s chief commodity strategist Mike McGlone explains the reason for Bitcoin’s significant drop below $94,000, citing high volatility as a key factor. Bitcoin has fallen the hardest among risk assets, unlike the relatively stable S&P 500 index. McGlone predicts potential market turbulence in 2025.

Renowned investor Robert Kiyosaki predicts a global economic crash and advises caution. Despite economic uncertainties, he believes that assets like gold, silver, and Bitcoin will retain their value. Kiyosaki encourages seizing opportunities during market downturns for wealth accumulation.

Read more at Investing.com: Huge Bitcoin Reverse Explained by Bloomberg’s Mike McGlone: Details By U.Today