Peak Bitcoin May Have Repercussions - Weakness in Bitcoin relative to beta in 4Q could carry into 2026. About flat in 2025 compared with the S&P 500's 16% total return to Nov. 14, Bitcoin's underperformance -- despite strong ETF inflows and roughly twice the volatility of beta -- suggests a peak. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t5k6u8gq7kzq {BI COMD} #bitcoin #stockmarket @BBGIntelligence(Mike McGlone)