Bloomberg Strategist: Trump's recent policies have prompted investors to turn to gold, and Bitcoin may continue to perform poorly
2025-04-20 11:58:51
Odaily News Mike McGlone, senior commodity strategist at Bloomberg, wrote on the X platform that Trump's recent policies have prompted investors to turn to safer assets such as gold, and Bitcoin may continue to perform poorly. He believes that risky assets are showing signs of returning to the long-term mean, mainly its 200-week moving average, which has historically served as a key bottom line during major price adjustments. As of April 20, the price level of Bitcoin's 200-week moving average was approximately US$46,300, down about 45% from the current price level of approximately US$85,000.
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