Mike McGlone
Mike McGlone|Jul 13, 2025 17:27
US Stock Market, Bitcoin Mania and Rising Gold - Bitcoin, the asset linked to the biggest-ever ETF launch and helped by the election of President Donald Trump, may now carry an unsustainable burden to keep rising, tilting favor toward gold. That the store of value rose above 3,000 an ounce for the first time in March, in the midst of about 20% and 30% drawdowns in the S&P 500 and Bitcoin, may suggest a top force to push gold above its 1H 3,500 high. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sz8c2bdwlu68 {BI COMD} #gold #bitcoin #stockmarket @BBGIntelligence
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