Mike McGlone
Mike McGlone|Jul 05, 2025 17:41
Did 100,000 Bitcoin Ring the Sell-Bell for Crypto's? Down 25% since Bitcoin first crossed the 100,000 threshold on Dec. 6, the melting Bloomberg Galaxy Crypto Index might be telling us something. Gold is up almost 30% vs. 5% for the S&P 500. Up over 10x from 2019-20's average just below 10,000, Bitcoin was alone in 2009, but now has almost 18 million companions listed on CoinMarketCap. The outperforming rock may be signaling an inordinate burden for US stocks to stay over 2x vs. GDP. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sxmxeadwlu68 {BI COMD} #gold #bitcoin #stockmarket
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