โ๏ธ Bitcoin vs. Gold: A Calm Before the Storm? ๐
The age-old rivalry between Bitcoin and gold is heating up once again. While BTC continues to outperform gold, Bloomberg Intelligenceโs senior analyst Mike McGlone is sending out a cautionary note โ ๏ธ.
๐ According to McGlone, Bitcoinโs volatility has dropped to historic lows โ even lower than that of gold and the S&P 500! ๐
This unusual calm could mean two things:
๐ธ A massive breakout might be around the corner ๐
๐ธ Orโฆ Bitcoin could be entering a high-risk zone ๐ฌ
He emphasized that BTC's extremely low volatility, especially when compared to traditional assets, might be a sign that the crypto market is maturing ๐ง โ but thatโs not necessarily all good news.
๐ Key points from McGloneโs analysis:
๐น BTC's 60-day volatility is now at a record low vs. gold and the S&P 500
๐น Such low volatility could point to a correction phase or a cool-down period โ๏ธ
๐น While it shows growing stability, it may also limit explosive upside moves ๐
๐น The current calm during a bullish sentiment may actually amplify systemic risks, especially with BTC becoming more intertwined with global politics ๐๏ธ
๐ง McGlone explained that in the past, low volatility usually came during market fear. But this time, it's happening while optimism is still high โ and that, in his view, could be even more dangerous. ๐จ
So, are we in for a breakout or a breakdown? ๐๐ Bitcoin's next move could define the tone for the rest of 2025. #bitcoin #BTC