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Gold is ‘Alive and Well,’ While ‘Digital Version of Gold,’ Bitcoin, Matured

Gold prices are still in a bull market despite sideways price action of late, says Bloomberg Intelligence’s Mike McGlone. “We’re back to more normalization. It’s a bull market, it’s been brewing for years,” McGlone told Kitco News, also answering questions about Bitcoin.
“Bitcoin has matured now. [Bitcoin] futures are getting active, we’re going to have ETFs. The first ten years, we’ve had a run-up, and now it’s in a range that’s going to migrate higher. Volatility is one thing that’s almost going to be certain to get crushed,” he said.

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