The banking crisis could be the spark that will kick off the next crypto bull run, in which Bitcoin (BTC) is likely to outperform all other cryptos, according to Mike McGlone, the senior commodity strategist at Bloomberg Intelligence.
"The more the Bitcoin can sustain above $25,000, then the more the S&P 500 potentially pressures below 4,000, you're going to have an indication that Bitcoin is going to take off," McGlone pointed out. "I think Bitcoin will outperform virtually all cryptos, including Ethereum," he concluded.
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