Has Bitcoin Peaked Vs Gold? Mike McGlone Thinks So (Gold Is Winning!!)

#bubble, #inflation, Banking, Cryptocurrencies, Economy, Fed, Gold, Housing, Inflation, Powell, Silver, Uncategorized, Volatility, Wages, Yellen, Yield Curve 1 Minute

Mike McGlone has an interesting perspective on Bitcoin versus Gold.

Gold $3,000, Bitcoin $70,000?

Is there good reason for reversion lower? My bias is leaning that way, especially if the US hashtag#stockmarket reverses some of last year’s almost $12 trillion advance, about 40% of GDP.

Bitcoin approaching $150,000 in 2025 might suggest another $12+ trillion year of US stockmarket wealth creation, inflation and Fed tightening. Heading toward $50,000 could coincide with some typical deflation following the inflation and put the Fed at ease. Up about 10% since Bitcoin first closed above $100,000, gold may sniffing out a bit of risk-asset normalization. So it appears gold is winning.

Full disclosure: I own both. Plus silver. And a house.

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