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Bloomberg analysts: Bitcoin is currently overvalued relative to gold and may face a "big reset"

According to online reports, Mike McGlone, senior commodity strategist at Bloomberg, 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 in 2024 (ie, how many ounces of gold are equal to 1 BTC) peaked at 40 times, which means that the value of a Bitcoin is 40 times that of an ounce of gold. However, McGlone seems to believe that this situation may not be sustainable and is likely to reverse in 2025. Overall, McGlone clearly warned that the stock market and Bitcoin could return to historical averages due to increased risk of regression, which means that if Bitcoin is currently overvalued relative to gold, there could be a significant correction.

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