Feeling lucky beta will rise in 2025? Bitcoin's high correlation to the S&P 500, at almost 0.70 on a 16-quarter basis, contrasts with gold's zero-to-negative relationship with beta, which maintains my upward bias for the metal, especially with BI's SPX fair value at about 4,000 in the case of a US recession. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/swx026dwlu68 {BI COMD} #gold #bitcoin #stockmarket @BBGIntelligence