WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"Bloomberg Intelligence\u2019s senior commodity strategist, Mike McGlone, says bitcoin is \u201cbecoming an alternative currency on a global basis,\u201d noting that \u201cThe world\u2019s going towards intangible assets and bitcoin is the most significant in cryptos.\u201d However, the strategist warned that as bitcoin\u2019s price approaches $70,000, a key test for the cryptocurrency may come \u201cwhen the U.S. […]<\/p>\n","protected":false},"author":2,"featured_media":75726,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-75725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/75725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75725"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/75725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/75726"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Bloomberg](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2024\/03\/bitcoin-alternative-currency-768x432.jpg\")
Bloomberg Intelligence\u2019s senior commodity strategist, Mike McGlone, says bitcoin is \u201cbecoming an alternative currency on a global basis,\u201d noting that \u201cThe world\u2019s going towards intangible assets and bitcoin is the most significant in cryptos.\u201d However, the strategist warned that as bitcoin\u2019s price approaches $70,000, a key test for the cryptocurrency may come \u201cwhen the U.S. [\u2026]<\/p>\n