Bloomberg strategist: In addition to Bitcoin, gold and other risky assets are also in the current correction. Bitcoin is just a "normal return"
Bloomberg Intelligence senior commodity strategist Mike McGlone posted an article on X platform explaining why the price of Bitcoin has recently experienced a pullback. He stated that the current market pullback not only involves Bitcoin, but also gold and other risky assets, and it is just that Bitcoin's decline is greater due to its high volatility. However, for Bitcoin, it is "just a normal regression". Mike McGlone also stated that although the SP 500 index did not experience a significant decline in the fourth quarter of this year, it does not mean that this momentum can continue, especially since it is unlikely to maintain its growth momentum in 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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