Mike McGlone|Jun 04, 2026 11:12
Gold, Bitcoin May Face Lose-Lose vs. Beta
Despite the S&P 500's roughly 10% total return in 2026 to June 3, Bitcoin has declined about 25% and gold has reversed nearly all of its almost 30% surge to the January record near $5,595 an ounce. What of the metal if the beta tide ebbs?
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tg3nt9kip3me {BI COMD}
#Bitcoin #gold #stockmarket @Bloomberg(Mike McGlone)
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