Bitcoin’s Gold Dream Crumbling? 🪙💔 Expert Predicts 60% Plunge!

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Ah, the fickle dance of markets-how it mirrors the absurdity of life itself! Mike McGlone, the sage of Bloomberg Intelligence, proclaims that Bitcoin, once the darling of the digital realm, may be teetering on the edge of its most humiliating downfall since 2018. His model, a labyrinth of numbers and charts, suggests the Bitcoin-to-gold ratio could plummet below 25, a fall so graceless it would strip away nearly 60% of its former glory against the steadfast gold. 🪙✨

Imagine, if you will, a once-proud stallion now reduced to a weary donkey, its mane tangled and its spirit broken. The ratio, which once boasted of 60 ounces of gold for a single Bitcoin in late 2021, has since stagnated like a forgotten pond. Gold, ever the quiet achiever, has set new records while Bitcoin flounders, unable to find its footing. 🏆🐌

McGlone, with a wry smile, notes that this ratio has been as still as a Chekhovian protagonist for five long years. But now, a downward trend stirs, like a restless ghost in a provincial estate, signaling renewed bearish pressure. The charts, those cold, unfeeling arbiters of fate, show the ratio bouncing off 25 like a ball losing its bounce, each recovery weaker than the last. 🏓💨

The Bitter Harvest

Ah, the charts-those merciless mirrors of our follies! They reveal the ratio’s feeble attempts to recover, each one more pathetic than the last, like a series of failed proposals in a provincial romance. The latest test came with a mild rebound in U.S. Treasury yields, the 10-year yield rising above 4%, and an uptick in equity volatility. Gold, ever resilient, stands firm against rate cuts, while Bitcoin’s underreaction whispers of fading desire. McGlone calls it an “inflection point for risk assets,” a moment as dramatic as a curtain call in a tragicomedy. 🎭📉

If this pattern breaks lower, gold will reclaim its throne, leaving Bitcoin to ponder its existence in the shadows. After years of vying for the same narrative, Bitcoin’s “digital gold” moniker may face its harshest reality check yet. Will it survive? Or will it fade into obscurity, a footnote in the annals of financial folly? Only time, that relentless narrator, will tell. ⏳🤔

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2025-11-04 18:44