Macro Strategist Warns of ‘Death Spiral’ in Cryptocurrency Market

In an interview with Bloomberg, macro strategist Mark Cudmore analyzed the recent surge in Bitcoin prices and its potential effects on stock markets. He pointed out the continued concern surrounding companies holding digital assets, particularly those like MicroStrategy that hold significant amounts of Bitcoin on their balance sheets. While MicroStrategy’s announcement about a reserve fund to cover 14 months of dividend payments provided some relief for investors, Cudmore remains cautious overall. 💰