Bloomberg Intelligence’s senior macro strategist Mike McGlone warns that gold’s robust performance may signal trouble for Bitcoin (BTC ($104,798.05)) 
$104,517 and other risk assets. This analysis suggests that investors are increasingly directing their wealth towards gold, a favored safe-haven asset, due to growing concerns about deteriorating macroeconomic conditions.
Gold’s Performance
McGlone highlights that gold has been outperforming expectations in the markets. This trend indicates a shift among investors who are seeking stability and security in the face of uncertain economic forecasts, particularly with the prevailing volatility stemming from the Trump administration.
“The issues with Bitcoin and other risk assets may not bode well compared to gold. I believe the overheating of the metal should tell us something, especially given the speculative risks digital assets face.”
According to McGlone, whether Bitcoin can maintain its value above $100,000 will be crucial in determining its upward trajectory.
“Bitcoin needs to stay above $100,000. Otherwise, both Gold and Bitcoin might again fa…
