Mike McGlone
Mike McGlone|May 11, 2025 20:30
Can stocks, Bitcoin beat the rock in 2025? To May 10, gold is up about 27% vs. 10% for Bitcoin, 1% for TLT and minus 3% for the S&P 500. Might be time to rehash Digital Gold or Leveraged Beta - Donald Trump's tilt toward cryptos and his decisive election Nov. 5 sparked some gold profit-taking and new highs for Bitcoin, but correlations to the S&P 500 that are elevated for the crypto and weak for the metal may augur what matters. Bitcoin appears more likely to outperform gold as long as the stretched stock market keeps going up. Full report on the Bloomberg terminal here: https://blinks.bloomberg.com/news/stories/sms9s8t0afb4 {BI COMD} #commodities #gold #bitcoin #stockmarket #bonds @BBGIntelligence
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