This week on the show Dan sits down with Mike McGlone, Senior Commodity Strategist for Bloomberg Intelligence. Mike has more than 25 years experience in futures and commodities trading beginning at the Chicago Board of Trade.
Mike claims “the game is over”… The Federal Reserve will continue to tighten until the stock market goes down. We’re long overdue for a correction, and this country’s inflation is at its highest rate in 40 years. The Fed will take away the punch bowl, and guess what will come out ahead as a result? Cryptos…
Dan and Mike dive into bitcoin, which Mike says is the “least risky” crypto out there. He explains that bitcoin is still in its price-discovery stage, steadily gaining adoption in a world that’s going digital. Bitcoin is currently our benchmark digital currency – well on its way to becoming the global digital collateral.
1:18 – Before the interview, Dan speaks about a blog post by a firm called SL advisors.
10:10 – Dan’s guest this week is Mike McGlone, a senior commodity strategist for Bloomberg Intelligence, who started off his career at the Chicago board of trade.
11:28 – Mike describes what The Bloomberg intelligence service is and how he uses it for work when researching stocks
13:20 – Mike explains how he thinks investors should be observing crypto’s going into 2022 using “the three musketeers of cryptos”
15:10 – Dan brings up the point that bitcoin trades like a risky asset, yet people still trade it because they think it has potential value. Mike replies, saying that bitcoin isn’t a risky asset. It’s just in the process of becoming adopted in the digital market.
15:50 – “The Fed will continue to decrease liquidity until the stock market goes down” -Mike McGlone
18:50 – Mike takes time to explain how the federal reserve is handling the market through macros and the recent trend of inflation
20:00 – Dan explains how bitcoin will hopefully show its true colors and stop being treated as a risky asset. Since the blockchain is gaining more attention as a valuable commodity
29:50 – Mike explains what higher price cure is and how it’s relatable to different commodities that investors could be interested in
31:30 – Mike believes that investors should focus on “buying commodities ahead of inflation consider bitcoin because the world is quickly changing into a digital and technology-focused landscape
34:55 – Mike’s piece of advice that he leaves for the listeners is “don’t fight the feds” and to focus on bitcoin because it’s the least risky asset
38:29 – Dan leaves the listeners with a word of caution on fighting the feds and investing in risky assets during the beginning of 2022
40:49 – This week’s mailbag