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 level in the US stock market shows signs of peaking and may return to normal.
McGlone emphasized that since 2008, the S&P 500 total return index has only experienced two annual declines, and such situations put pressure on the cryptocurrency market. His model indicates that risk assets may reach a cyclical low by 2025.
