Bitcoin Looks Like A ‘Relative Dud’ Against Gold And US Treasuries, Says Bloomberg’s Mike McGlone
Mike McGlone said that Bitcoin’s performance since 2021 has failed to justify its higher volatility. Bloomberg Intelligence strategist Mike McGlone said one Bitcoin currently buys roughly 20 ounces of gold, predicting the ratio is more likely to fall further. Bitcoin is also underperforming long-term U.S. Treasuries. McGlone said the IBIT-to-TLT ratio stood at 81 as … Read more