Bloomberg strategist: Bitcoin may retrace to $50,000, and the BTC/gold ratio could drop to 13 times.

YieldWhisperer

2025-12-01 12:48:18

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[Block Rhythm] Senior strategist Mike McGlone from Bloomberg Intelligence recently made quite a bold statement - he believes that Bitcoin may need to pull back to the $50,000 level.

More importantly, he mentioned that the price ratio of Bitcoin to gold could drop to around 13 times. Currently, this ratio is about 20 times, but according to Bloomberg's economic model, the reasonable range should be around 13 times.

McGlone's logic is as follows: the current overly optimistic sentiment in the market is actually quite dangerous, and risk assets are likely to face a wave of adjustments, with Bitcoin often being the first to be impacted. He specifically pointed out that the 120-day volatility of the S&P 500 index is approaching its lowest level at the end of the year since 2017, and this signal may drive the Bitcoin/gold ratio back to a more reasonable level.

BTC1.33%

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