Bloomberg Strategist: Trump's recent policies have prompted investors to turn to gold, and Bitcoin may continue to perform poorly

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MarsBit
04-20
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Bloomberg senior commodities strategist Mike McGlone posted on X platform that Trump's recent policies are driving investors towards safer assets like gold, and Bitcoin may continue to underperform. He believes risk assets are showing signs of reverting to their long-term mean, primarily along their 200-week moving average, which historically has served as a critical baseline during major price adjustments. As of April 20, the 200-week moving average price for Bitcoin is around $46,300, which represents approximately a 45% price difference compared to its current level of around $85,000.

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