$BTC The senior commodities strategist at Bloomberg Intelligence, Mike McGlone, stated that the behavior of the Bitcoin market is increasingly resembling that of high-risk stocks, rather than what is traditionally considered a safe-haven asset, the "digital gold," suggesting that gold could be a more stable safe-haven option. (Summary: Bitfinex declares "the return of the Bitcoin bull market": BTC could challenge its all-time high, but concerns about the economy and U.S. policies persist.) (Context: Bitcoin "is being bought" by the government: new recognized wealth or concentration of risks?) Bitcoin has maintained a key level of $100,000 since May 8, and the market is eagerly awaiting a greater takeoff, as it is currently a relatively short distance from the all-time record of $109,800 reached in January of this year. Bloomberg Analyst: Bitcoin's performance does not resemble digital gold In this context, Bloomberg's senior commodities strategist, Mike McGlone, published on May 13 on platform X, warning about the performance of the Bitcoin market. He noted that the behavior of the Bitcoin market is increasingly resembling high-risk stocks, rather than being considered a traditional safe-haven asset like "digital gold." The analyst also observed that if the S&P 500 index experiences a correction in 2025, Bitcoin could be more significantly affected, while gold could become a more stable safe-haven option. At the same time, Mike McGlone shared in his post a chart showing that Bitcoin's correlation with the S&P 500 index reached 0.679 in 2025, the highest level since 2016, far above the correlation of gold with the S&P 500 (only 0.16). He particularly mentioned Bitcoin's four-year cycle, indicating that its systemic risk is increasing and could peak in the short term: Less digital gold, more leveraged Beta; ).