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Bloomberg’s McGlone Says Capital Leaving Crypto for SpaceX Is Not Coming Back: Exclusive

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The post Bloomberg’s McGlone Says Capital Leaving Crypto for SpaceX Is Not Coming Back: Exclusive appeared first on Coinpedia Fintech News

SpaceX closed its first trading day at $161 a share, up more than 19%, and Elon Musk became the world’s first trillionaire. While markets celebrated, Bloomberg senior commodity strategist Mike McGlone delivered a cold-water take on what Thursday’s historic listing actually means for crypto, equities and the broader capital markets. A Structural Shift, Not a …

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