Too-Hot Gold vs. Bitcoin's Lower-Price Path - History may judge 2026 as different for gold and Bitcoin if the metal fails to set a multiyear high and the crypto doesn't reach a lower plateau. It's been almost half a century since gold stretched more than 60% above its 100-week moving average on Feb. 13. Rampant inflation predominated in 1979-80, and my graphic shows the three previous Bitcoin deflation cycles ended near a 50% discount to its 100-week mean. The crypto is only about 20% below this mean now. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/ta8pickijhal {BI COMD} #gold #bitcoin @markets(Mike McGlone)