It May Matter: Ancient Store of Value Beating Beta - Peak risk-asset inklings can be gleaned from Bitcoin's 2025 gain being about one half that as the S&P 500 total return (near 16%) to Nov. 7, despite trading at about 2x the volatility, and gold's 52% rise. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t55dihgq1yus {BI COMD} #gold #bitcoin #stockmarket #macroeconomics @BBGIntelligence(Mike McGlone)