Here’s Why One Analyst Says The Worst For Bitcoin May Not Be Over

Bloomberg’s macro strategist Mike McGlone says that the worst may not be over for Bitcoin (CRYPTO: BTC), predicting a liquidity crunch in the second half of 2023 due to an expected U.S. recession. In a report titled “Still, Don’t Fight the Fed” that was shared on LinkedIn, McGlone wrote that BTC will drop further due to recessionary headwinds.