Bloomberg senior commodity strategist Mike McGlone said that the price of bitcoin relative to gold may have peaked and may now be about to experience a major reset. He pointed out that the bitcoin-to-gold ratio (that is, how many ounces of gold are equal to 1 BTC) peaked at 40 times in 2024, which means that a bitcoin is worth 40 times an ounce of gold. However, McGlone seems to think that this situation may not be sustainable and will likely be reversed in 2025.
Overall, McGlone explicitly warns that the stock market and bitcoin could return to their historical averages due to heightened risk of reversion, meaning that if bitcoin is currently overvalued relative to gold, there could be a significant pullback.
Bloomberg analysts: Bitcoin is currently overvalued relative to gold, and may usher in a "major reset"
2025-03-25 05:22:41
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article:
彭博分析师:目前比特币相对于黄金被高估,可能会迎来一次“大重置”Next article:
观点:关税问题解决后BTC或将吸引更多资本流入,市场利空因素可能已被消化