Odaily Planet Daily News Bloomberg senior commodity strategist Mike McGlone said that the price of Bitcoin relative to gold may have peaked and may now be about to usher in a major reset. He analyzed that the ratio of Bitcoin to gold (that is, how many ounces of gold equals 1 BTC) reached a peak of 40 times in 2024, which means that the value of one Bitcoin is 40 times that of an ounce of gold. However, McGlone seems to think that this situation may not be sustainable and is likely to reverse in 2025.
Overall, McGlone explicitly warned that the stock market and Bitcoin may return to historical averages due to increased regression risks, which means that if Bitcoin is currently overvalued relative to gold, then there may be a sharp correction. (U.today)