Bloomberg analyst: The Bitcoin/Gold ratio may fall to around 13 times, with the coin price dipping back down to 50,000 USD.

GateUser-6433627c · 2025-12-01T12:02:18+00:00

On December 1st, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, posted on social media that Bitcoin could retrace to $50,000, and the Bitcoin/gold ratio might fall to 13 times. The extreme complacency in the market suggests that risk assets could decline further, with Bitcoin likely to be the first to bear the brunt. Mike McGlone stated that Bloomberg's economic model shows that the Bitcoin to gold ratio was about 20 times on December 1st, whereas its fair value should be close to 13 times—the key driver pushing this ratio back is that the 120-day volatility of the S&P 500 index is nearing the lowest year-end level since 2017.

GateUser-6433627c

2025-12-01 12:02:18

On December 1, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, posted on social media that Bitcoin may retrace to $50,000, and the Bitcoin/gold ratio could fall to 13 times. The extreme complacency in the market suggests that risk assets may decline further, with Bitcoin likely being the first to suffer. Mike McGlone stated that Bloomberg's economic model shows that the Bitcoin to gold ratio was about 20 times on December 1, while its fair value should be close to 13 times—key drivers pushing this ratio back include the 120-day volatility of the S&P 500 index approaching its lowest year-end level since 2017.

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