WHAT WILL BTC DO NOW THAT ETH IS MERGING?😳

Today we’re jumping right into what the experts are saying about Bitcoin.

Bloomberg’s Chief commodity analyst Mike McGlone has recently spoken about BTC reporting that “it’s in a good position at the moment, despite the big discount it is trading at.” According to Bloomberg, this year BTC as the leading digital currency has “joined the line of other major assets – gold and U.S. Treasuries – becoming a global store of value.” WOW!

Commodities and GDP have been declining in the USA, and the Feds are likely to raise interest rates in an effort to combat inflation. (GDP stands for gross domestic product, and is the total money value of all finished goods and services (those products bought by the final user) produced in a country over a period of time.)

But with all of that happening, BTC kept holding steady at around $20K and dipping slightly lower at times. As of the time of this writing BTC is coming in at $19,243, losing about $1K in just 4 hours.😳 But with the ETH merge to proof-of-stake coming sometime this month, it is quite possible that BTC could drop some more, but…..

The lead and dominance that BTC has had in the market could see a dip or it could see a rise! ⬆️⬇️ It’s pretty much anyone’s guess as to where this could go, but I know you’ve already transferred to stablecoins so you’re good. In the meantime, we’re going to keep an eye on the crypto markets and we’ll buy, sell, stake, or hold, accordingly!

Have an awesome day!

Copyright ©2022 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing™ . The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestions in this post.