Bitcoin, Gold, and US Treasury Bonds Likely to Beat the Market in the Remainder of 2021

Kavya  |  Jul 28, 2021

According to Mike McGlone, gold, Bitcoin, and US Treasury bonds are likely to beat the market in the second half of 2021.

Bitcoin, Gold, US Treasury Bonds Are Likely To Beat The Market

According to Bloomberg statistics, three assets - Bitcoin, gold, and US Treasury bonds are anticipated to become the top-performing assets in the second half of this year, according to Mike McGlone on Twitter.

According to Bloomberg's senior commodity analyst, all three are now experiencing significant declines as they transition into bull markets.

In The Second Half Of 2021, Bitcoin Will Re-ascend To $100,000

Earlier this month, McGlone tweeted that he expected Bitcoin to re-enter the $100,000 range in the second half of 2021. 

Crude oil, on the other hand, will initiate a negative trend in the second half of this year, with significant macroeconomic ramifications.

In terms of the present Bitcoin price correction, McGlone feels it is a necessary step in BTC's development.

Stronghold, A Bitcoin Mining Firm, Has Filed For A $100 Million IPO

According to regulatory filings made public on Tuesday, Stronghold Mining, a Bitcoin mining business located in the U.S. state of Pennsylvania, is looking to earn $100 million in an initial public offering.

The projected IPO follows a $105 million investment round from a variety of family offices, as previously reported. 

Greg Beard, the CEO, and co-chairman, previously served as the worldwide head of natural resources for the billion-dollar alternative investment management firm Apollo Global Management.

Stronghold's business makes use of waste coal, a hazardous byproduct of coal mining. The Scrubgrass Generating Plant removes the great majority of the pollutants found in waste coal. The company intends to achieve 3,000 PH/s by December and above 5,300 by 2022.

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