Bloomberg analyst: Bitcoin/Gold ratio may fall to around 13x

Odaily Planet Daily reports that Mike McGlone, senior commodities strategist at Bloomberg Intelligence, wrote on the X platform that Bitcoin may retest $50,000, and the Bitcoin/gold ratio could fall to 13x. Extreme market complacency suggests that risk assets may decline further, with Bitcoin potentially bearing the brunt.

Mike McGlone stated that Bloomberg's economic model showed that the Bitcoin-to-gold ratio was approximately 20 on December 1st, while its fair value should be closer to 13—a key driver of this return to normalcy is that the S&P 500's 120-day volatility is approaching its lowest year-end level since 2017.