Bitcoin, the world’s most prominent digital asset, is steadily “becoming an alternative currency on a global basis”, according to Bloomberg strategist Mike McGlone. In a series of recent analyses, McGlone has highlighted key factors contributing to bitcoin’s surge towards the $70,000 mark, while also shedding light on its growing acceptance and role in the global financial landscape.

SourceMike McGlone: Bitcoin as a Global Alternative Currency

McGlone emphasizes that Bitcoin is increasingly being recognized as a global alternative currency, particularly as traditional markets experience volatility. He notes, “The world’s going towards intangible assets and bitcoin is the most…

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