{"id":481713,"date":"2022-01-21T23:00:22","date_gmt":"2022-01-21T23:00:22","guid":{"rendered":"https:\/\/wncen.com\/?p=481713"},"modified":"2024-06-11T07:18:23","modified_gmt":"2024-06-11T07:18:23","slug":"market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/","title":{"rendered":"Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst"},"content":{"rendered":"

Bitcoin and Ethereum have led the market in the recent downturns that have rocked the market. These two digital assets are no doubt market movers in their own right and as such, uptrends or downtrends begin with them. It has raised concern among investors who believe that the market is finally heading into a stretched-out bear market. However, not everyone believes this as some believe the current downtrend is only temporary.<\/p>\n

Mike McGlone On Bitcoin And Ethereum<\/h2>\n

Mike McGlone is one of the leading Bloomberg analysts. Focused on the financial market, he authors a newsletter that shares his thoughts around various markets, including stocks and the crypto market. McGlone is currently one of the people with the most optimistic view of the market despite the various dips that have rocked the space. Most especially on the top digital assets in the crypto market.<\/p>\n

Related Reading |\u00a0Solo Ethereum Miner Hits The Jackpot With 170 ETH For Mining A Block<\/a><\/strong><\/em><\/p>\n

McGlone who was on The Wolf of all Streets podcast<\/a> shared some interesting thoughts on the market, putting the analyst at an overall bullish position for bitcoin and ethereum.<\/p>\n

\"Bitcoin<\/p>\n

BTC down to $38K | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
The analysts point to the correlation with the stock market. This, he explains, is getting ready for a pullback and when this happens, bitcoin and by extension, ethereum, would benefit from this correction.<\/p>\n
\u201cHere\u2019s my prediction: the markets pull back,\u201d said Mike McGlone. \u201cWe finally get a 10%, maybe 20%, correction in the stock market. All correlations are one, which is usually the way it works. Bitcoin comes out better off for it. Ethereum, potentially too.\u201d<\/p>\n
This pullback though is only reflected on the top two cryptos which McGlone expects to recover after this.<\/p>\n
Other Cryptos May Not Fare Well<\/h2>\n
Talking about other cryptocurrencies, the analyst took a more bearish stance on them. The positivity displayed in the podcast towards top coins bitcoin and ethereum did not translate to the rest of the market which he does not expect to fare well despite the pullback.<\/p>\n
Related Reading |\u00a0Ethereum Fee Averages Remain Above $30 Despite 35% Drop. Price Pump Incoming?<\/a><\/strong><\/em><\/p>\n
McGlone especially focused on dog coins which were arguably the winners of 2021. The craze which saw various meme tokens with no utility whatsoever soar to billions of dollars in valuation was referred to as \u201cstupid” by the Bloomberg analyst.<\/p>\n
\u201cThe rest of the space, we do have to admit, the speculation you saw in the dog coins last year was indicative of this. It\u2019s just stupid and we\u2019re going to tell the story to our grandkids,\u201d he said.<\/p>\n
Even for a digital asset like Solana which had a largely successful year, McGlone did not seem excited about it. He lumped SOL in with the dog coins, which he said were the riskiest of assets. \u201cThe bottom line is they are the riskiest of assets,\u201d said McGlone. \u201cThere\u2019s massive speculation. I mean the dog coins and even in things like Solana,\u201d he added.<\/p>\n
Featured image from Bitcoin news, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin and Ethereum have led the market in the recent downturns that have rocked the market. These two digital assets are no doubt market movers in their own right and as such, uptrends or downtrends begin with them. It has raised concern among investors who believe that the market is finally heading into a stretched-out bear market. However, not everyone believes this as some believe the current downtrend is only temporary. Mike McGlone On Bitcoin And Ethereum Mike McGlone is one of the leading Bloomberg analysts. Focused on the financial market, he authors a newsletter that shares his thoughts around various markets, including stocks and the crypto market. McGlone is currently one of the people with the most optimistic view of the market despite the various dips that have rocked the space. Most especially on the top digital assets in the crypto market. Related Reading |\u00a0Solo Ethereum Miner Hits The Jackpot With 170 ETH For Mining A Block McGlone who was on The Wolf of all Streets podcast shared some interesting thoughts on the market, putting the analyst at an overall bullish position for bitcoin and ethereum. BTC down to $38K | Source: BTCUSD on TradingView.com The analysts point to the correlation with the stock market. This, he explains, is getting ready for a pullback and when this happens, bitcoin and by extension, ethereum, would benefit from this correction. \u201cHere\u2019s my prediction: the markets pull back,\u201d said Mike McGlone. \u201cWe finally get a 10%, maybe 20%, correction in the stock market. All correlations are one, which is usually the way it works. Bitcoin comes out better off for it. Ethereum, potentially too.\u201d This pullback though is only reflected on the top two cryptos which McGlone expects to recover after this. Other Cryptos May Not Fare Well Talking about other cryptocurrencies, the analyst took a more bearish stance on them. The positivity displayed in the podcast towards top coins bitcoin and ethereum did not translate to the rest of the market which he does not expect to fare well despite the pullback. Related Reading |\u00a0Ethereum Fee Averages Remain Above $30 Despite 35% Drop. Price Pump Incoming? McGlone especially focused on dog coins which were arguably the winners of 2021. The craze which saw various meme tokens with no utility whatsoever soar to billions of dollars in valuation was referred to as \u201cstupid” by the Bloomberg analyst. \u201cThe rest of the space, we do have to admit, the speculation you saw in the dog coins last year was indicative of this. It\u2019s just stupid and we\u2019re going to tell the story to our grandkids,\u201d he said. Even for a digital asset like Solana which had a largely successful year, McGlone did not seem excited about it. He lumped SOL in with the dog coins, which he said were the riskiest of assets. \u201cThe bottom line is they are the riskiest of assets,\u201d said McGlone. \u201cThere\u2019s massive speculation. I mean the dog coins and even in things like Solana,\u201d he added. Featured image from Bitcoin news, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":481722,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,13625],"tags":[428,83971,1119,10923,8323,1946,63405],"class_list":["post-481713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-ethereum","tag-bitcoin","tag-bloomberg-analyst","tag-btc","tag-crypto-market","tag-eth","tag-ethereum","tag-mike-mcglone"],"acf":[],"yoast_head":"\nMarket May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst<\/title>\n<meta name=\"description\" content=\"Bitcoin and Ethereum have led the market in the recent downturns that have rocked the market. These two digital assets are no doubt market movers in their\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst\" \/>\n<meta property=\"og:description\" content=\"Bitcoin and Ethereum have led the market in the recent downturns that have rocked the market. These two digital assets are no doubt market movers in their\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-21T23:00:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:18:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/bitcoin-and-ethereum.jpeg?fit=1280%2C720\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Best Owie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/BestOwie\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Best Owie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/\"},\"author\":{\"name\":\"Best Owie\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\"},\"headline\":\"Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst\",\"datePublished\":\"2022-01-21T23:00:22+00:00\",\"dateModified\":\"2024-06-11T07:18:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/\"},\"wordCount\":501,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/bitcoin-and-ethereum.jpeg?fit=1280%2C720\",\"keywords\":[\"bitcoin\",\"Bloomberg analyst\",\"btc\",\"crypto market\",\"ETH\",\"ethereum\",\"Mike McGlone\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\",\"Ethereum\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/\",\"url\":\"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/\",\"name\":\"Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/bitcoin-and-ethereum.jpeg?fit=1280%2C720\",\"datePublished\":\"2022-01-21T23:00:22+00:00\",\"dateModified\":\"2024-06-11T07:18:23+00:00\",\"description\":\"Bitcoin and Ethereum have led the market in the recent downturns that have rocked the market. These two digital assets are no doubt market movers in their\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/bitcoin-and-ethereum.jpeg?fit=1280%2C720\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/bitcoin-and-ethereum.jpeg?fit=1280%2C720\",\"width\":1280,\"height\":720,\"caption\":\"Bitcoin and ethereum\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\",\"name\":\"Best Owie\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"caption\":\"Best Owie\"},\"description\":\"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/BestOwie\"],\"url\":\"https:\/\/wncen.com\/author\/owiebest\/\"}]}<\/script>\n","yoast_head_json":{"title":"Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst","description":"Bitcoin and Ethereum have led the market in the recent downturns that have rocked the market. These two digital assets are no doubt market movers in their","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/","og_locale":"en_US","og_type":"article","og_title":"Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst","og_description":"Bitcoin and Ethereum have led the market in the recent downturns that have rocked the market. These two digital assets are no doubt market movers in their","og_url":"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-01-21T23:00:22+00:00","article_modified_time":"2024-06-11T07:18:23+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/bitcoin-and-ethereum.jpeg?fit=1280%2C720","type":"image\/jpeg"}],"author":"Best Owie","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/BestOwie","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Best Owie","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/"},"author":{"name":"Best Owie","@id":"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d"},"headline":"Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst","datePublished":"2022-01-21T23:00:22+00:00","dateModified":"2024-06-11T07:18:23+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/"},"wordCount":501,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/bitcoin-and-ethereum.jpeg?fit=1280%2C720","keywords":["bitcoin","Bloomberg analyst","btc","crypto market","ETH","ethereum","Mike McGlone"],"articleSection":["Bitcoin","Cryptocurrency Market News","Ethereum"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/","url":"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/","name":"Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/bitcoin-and-ethereum.jpeg?fit=1280%2C720","datePublished":"2022-01-21T23:00:22+00:00","dateModified":"2024-06-11T07:18:23+00:00","description":"Bitcoin and Ethereum have led the market in the recent downturns that have rocked the market. These two digital assets are no doubt market movers in their","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/bitcoin-and-ethereum.jpeg?fit=1280%2C720","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/bitcoin-and-ethereum.jpeg?fit=1280%2C720","width":1280,"height":720,"caption":"Bitcoin and ethereum"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d","name":"Best Owie","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","caption":"Best Owie"},"description":"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst","url":"http:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/bitcoin-and-ethereum.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/bitcoin-and-ethereum.jpeg?fit=1280%2C720"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bloomberg analyst","btc","crypto market","eth","ethereum","mike mcglone"],"dateCreated":"2022-01-21T23:00:22Z","datePublished":"2022-01-21T23:00:22Z","dateModified":"2024-06-11T07:18:23Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/market-may-be-suffering-but-bitcoin-and-ethereum-will-pull-back-stronger-bloomberg-analyst\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/bitcoin-and-ethereum.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/bitcoin-and-ethereum.jpeg?fit=1280%2C720\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bloomberg analyst\",\"btc\",\"crypto market\",\"eth\",\"ethereum\",\"mike mcglone\"],\"dateCreated\":\"2022-01-21T23:00:22Z\",\"datePublished\":\"2022-01-21T23:00:22Z\",\"dateModified\":\"2024-06-11T07:18:23Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/bitcoin-and-ethereum.jpeg?fit=1280%2C720","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/481713"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=481713"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/481713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/481722"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=481713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=481713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=481713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}