Just Some Normal Reversion? $50,000 Bitcoin, 13x Bitcoin/Gold - Extreme stock market complacency may suggest further downside in risk-assets, with Bitcoin leading the way. At about 20x on Dec. 1, the Bloomberg Economics' model shows the Bitcoin/gold cross fair value closer to 13x and a top reason to get there -- S&P 500 120-day volatility is approaching its lowest year-end since 2017. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t60uu9gpqq8h {BI COMD} #bitcoin #gold #stockmarket @BBGIntelligence(Mike McGlone)