Bitcoin 2018 vs. 2025 - A difference from the last time I pointed out elevated risks of Bitcoin losing a zero in Feb. 2018 is most of the revolutionary technology and adoption stuff that people like the President didn't get, was in the future. Now crypto speculation appears akin to the internet bubble in 1999 and US stock market-cap vs. GDP and the world is the highest in about a century. I'm fearful of deflationary implications from the reversion Bitcoin's famous for. Does record setting gold get it? BTW I was wrong in 2018 - the Feb. high was about 11,700 and the Dec. low was around 3,150. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sv7w28dwrgg0 {BI COMD} #commodities #bitcoin #stockmarket #macroeconomics @BBGIntelligence