Mike McGlone|Jan 22, 2026 13:09
Volatility Missing in Plunging Bitcoin, Beta vs. Gold -
The juxtaposition of subdued stock-market volatility and gold grabbing alpha at the greatest pace since 1979 may be resolved soon. My graphic highlights the ounces of gold equivalent to one Bitcoin at 18.5 on Jan. 21, below its key pivot since 2021 near 20, alongside the S&P 500 measured in gold ounces falling below its 1.44 pivot from 2020's low.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t99iu9kgifpv {BI COMD}
#gold #bitcoin #stockmarket @markets(Mike McGlone)
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