According to ChainCatcher, Bloomberg commodity strategist Mike McGlone stated that the Bitcoin/gold ratio may lead the market downward. He pointed out that the current premium levels of U.S. stocks show signs of peaking and may revert to normal.
McGlone emphasized that since 2008, the S&P 500 total return index has only seen two annual declines, which puts pressure on the cryptocurrency market. His model indicates that risk assets may reach a phase low by 2025.
