Bloomberg strategist: The current pullback includes gold and other risk assets in addition to bitcoin

Mike McGlone, senior commodity strategist at Bloomberg Intelligence under Bloomberg, explained why the recent correction in bitcoin prices on the X platform. He said that the current market correction is not only related to bitcoin, gold and other risk assets have fallen, but due to high volatility, bitcoin has fallen a lot, but for bitcoin, it is actually "just a normal return". Mike McGlone also said that although the S & P 500 index did not fall sharply in the fourth quarter of this year, it does not mean that this trend can continue, especially in 2025. It is unlikely to maintain growth momentum.