Why Bitcoin’s Performance Matters: Preventing Stock Market Crash

Mike McGlone of Bloomberg Intelligence recently emphasized that Bitcoin’s strong performance is crucial in preventing the U.S. stock market from crashing, even amidst economic uncertainty and inflation fears. According to McGlone, Bitcoin acts as a stabilizing force due to its inherent volatility, unlike traditional assets like gold or oil. This stability has been key in safeguarding against market downturns during periods of volatile economic conditions.