Bitcoin to Lose 60% of Its Value Against Gold, Warns Top Bloomberg Expert

2025-11-4 17:36

Bloomberg Intelligence strategist Mike McGlone warns that Bitcoin's value against gold could collapse by as much as 60%, as the ratio threatens to break below the critical 25 support level. origin »

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gold bloomberg against bitcoin warns value ratio

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As Digital Gold, Bitcoin is “Just Going to Keep Going Higher,” says Galaxy’s Mike Novogratz

Billionaire investor Mike Novogratz doesn't see Bitcoin as a currency; rather, he doubles down on the digital currency as digital gold. “I don’t think Bitcoin is going to be used as a transactional currency anytime in the next five years,” said Novogratz, founder, and CEO of Galaxy Investment, in an interview with Bloomberg.

2020-10-25 16:30


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“A Resting Bitcoin Bull,” Bloomberg Outlook Reveals Likely Mid-Year BTC Price Range

Bitcoin is becoming more like gold in the macroeconomic sense and will continue outperforming its peers, Bloomberg said in its latest cryptocurrency report sent to subscribers. The Bloomberg Crypto Outlook July 2020 Edition reported the current low volatility in Bitcoin and how it would fare in the broader market that included gold, and stocks. The […]

2020-7-6 12:32


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Top Commodity Strategist Claims Bitcoin Most Likely Asset to Rally in 2020; Here’s Why

Bitcoin’s recent rally to $10,000 has renewed investor’s interest in the market, also drawing the attention of prominent traditional analysts and investors One prominent commodity strategist at Bloomberg explained that he believes BTC and gold are the two assets most-likely appreciate throughout 2020 This comes as the cryptocurrency’s technical outlook begins growing incredibly bright Bitcoin has seen some incredibly bullish price action in the time following its rebound from mid-March lows of $3,800. It’s subsequent […]

2020-5-10 22:00


Like Gold, Bitcoin Is A Safe Haven During Economic Turbulence, Says Former UBS Managing Director

Bitcoin has been showing the properties of becoming a store of value and a safe haven and slowly but surely the mainstream media and experts are coming to the same realization as well. Paul Richards, the President of Medley Global Advisors and former Managing Director at UBS recently spoke with Bloomberg about the asset classes […]

2019-8-6 17:05


Galaxy Digital’s Novogratz: Bitcoin Is “Going To Be Digital Gold”, Talks Sovereignty And Periodic Table Elements

Galaxy Digital Founder Believes That Bitcoin Is “Going To Be Digital Gold” Mike Novogratz is known for his former work on Wall Street with Goldman Sachs, but he has since made a name for himself in the cryptocurrency industry with the crypto merchant bank Galaxy Digital. Recently, he sat down with Bloomberg TV for an […]

2019-2-13 21:24