
Mike McGlone|Jul 21, 2025 10:53
As long as the stock market keeps going up, Bitcoin should be fine. Does gold get it? At about the same level as first traded in 2021, Bitcoin/gold used to share same-chart syndrome with the S&P 500, but has been showing divergent weakness since 2Q24. Will the ratio of the highly speculative digital risk asset vs. ancient store of value catch up to beta or is it an early warning?
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/syro26t0afb5
#gold #bitcoin #stockmarket(Mike McGlone)
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