Bloomberg Strategist: In addition to Bitcoin, the current correction is also gold and other risky assets
According to online reports, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, a subsidiary of Bloomberg, issued an article on platform X explaining why the recent correction in Bitcoin prices has occurred. He said that the current market correction actually involves not only Bitcoin, but also gold and other risky assets have fallen. Due to the high volatility, Bitcoin has only fallen significantly, but for Bitcoin, it is actually "just a normal return." Mike McGlone also said that although the S & P 500 index did not fall significantly 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.
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