Bloomberg warns: Bitcoin may lead the fall of risk assets, with a 40% pullback potential in the BTC/gold ratio.

ForkMonger

2025-12-01 12:40:19

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[Coin World] The recent blindly optimistic atmosphere in the stock market may be laying traps for risk assets. Bloomberg analyst Mike McGlone has issued a warning: Bitcoin is likely to lead the plunge.

The data clearly shows something is off. Currently, the price of BTC against gold is approximately 20 times, but according to Bloomberg's economic model, this ratio should reasonably return to 13 times. Even more absurd is the S&P 500 index—its 120-day volatility is nearing the lowest point at the end of the year since 2017. McGlone believes this is precisely one of the core signals for the BTC/gold ratio to revert to 13 times.

In simple terms, this could be a mean reversion process. If we really follow this logic, it’s not impossible for the Bitcoin price to pull back to $50,000. When the market is too quiet, a storm is often not far away.

BTC-7.1%

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