Crypto Crisis Imminent, Warns Bloomberg’s Mike McGlone, Despite Bitcoin’s Surge To $28,000
On October 2, Mike McGlone, Commodity Strategist at Bloomberg, took to social media X (formerly known as Twitter) to express his concerns
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Bloombergs
Binance CEO CZ Is on Bloomberg’s ‘New Finance Rich List’
While Bloomberg says the Binance head is worth $28.2 billion, Forbes says Zhao’s net worth as of April 27 is $10.5 billion. According to Bloomberg, Binance CEO Changpeng Zhao, also called CZ, is one of the “25 financial titans” that amassed their wealth through the business of lending, trading, or investing
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SBF tumbles off Bloomberg’s billionaire index after trouble at FTX
Crypto billionaire Sam Bankman-Fried may not be able to claim the "billionaire" accolade anymore after an estimated 94% plummet in his personal wealth overnight, according to the Bloomberg Billionaires Index.Bankman-Fried was once a high rider in Bloomberg’s wealth index with an estimated net worth of $26 billion at his peak.
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What Bloomberg’s Crypto Opus Means for the Next Bull Market
There are three main reasons this single story matters, and maybe matters a lot. First, because Bloomberg is arguably the most influential and respected mainstream business news outlet on the planet right now. The Wall Street Journal certainly still has its role, but it can’t match the breadth and depth
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Bloomberg’s Matt Levine Writes 40,000-Word Article on Crypto
"My goal is to convince you that crypto is interesting, that it has found some new things to say about some old problems, and that even when those things are wrong, they're wrong in illuminating ways," he said. "Crypto has a pretty well-developed financial system, and I'm going to talk
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Binance CEO Sues Bloomberg’s Hong Kong Partner for Defamation
There, Zhao took issue with the article’s portrayal of Binance as “sketchy” and with an anonymous quote from a trader that called Binance a “massive shitcoin casino.” These statements “were obviously designed to mislead readers into believing” that Zhao was breaking the law, the motion read. Source
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There’s a Reason Bitcoin’s Worth 500 Barrels of Oil: Bloomberg’s McGlone
"Copper may be a good example of the low potential for a commodity supercycle, notably versus an advancing bitcoin," McGlone wrote. "It's not that profound to expect one of the best-performing assets of the past decade to keep outpacing the old-guard industrial metal, and we see bitcoin's upper hand gaining
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