Bloomberg analyst: Bitcoin may usher in a major reset and is currently overvalued relative to gold

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MarsBit
03-25
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Mars Finance News: Bloomberg Senior Commodity Strategist Mike McGlone suggests that the price of BTC relative to gold may have reached its peak and could be on the verge of a major reset. He analyzes that the ratio of BTC to gold in 2024 (how many ounces of gold equal 1 BTC) reached a peak of 40 times, meaning the value of one BTC is 40 times that of an ounce of gold. However, McGlone seems to believe that this situation may not be sustainable and could potentially reverse in 2025. Overall, McGlone explicitly warns that the stock market and BTC may return to historical average levels due to increased risk, which means that if BTC is currently overvalued relative to gold, a significant correction could occur. (U.today)

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