Bloomberg analysts: Bitcoin shows signs of peaking, systemic risks rise
According to online reports, Bloomberg senior commodity strategist Mike McGlone wrote on platform X that Bitcoin is showing signs of peaking. Bitcoin is more correlated with U.S. stocks and is moving closer to the S & P 500 Index (Bitcoin is the S & P 500 Index's 16-quarter Beta value is about 3 times, and about 1 times compared with gold), and the latter's excess growth should have returned to normal long ago and may continue to benefit gold. Through an analysis of Bitcoin's four-year "halving" cycle, Bitcoin's systemic risk is currently rising, while gold is the opposite.
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