Bitcoin (BTC) has lagged behind Gold since the leading cryptocurrency’s all-time high in 2021.
The Bitcoin/Gold ratio now faces important resistance against the stock market and two possible outcomes surge for BTC.
In particular, Bloomberg’s commodity expert Mike McGlone analyzes the current economic scenario and leans toward a recession. McGlone posted his analysis on X (formerly Twitter) on January 23, warning of trickle-down risks moving forward.
The commodity expert explained Bitcoin surged in a favorable scenario of zero-interest rate policies (ZIRP) after a financial crisis. However, the cryptocurrency started to lag behind Gold when interest rates rose.
Now, the Bitcoin/Gold ratio also lags behind the stock market with a recent resistance validation, possibly trending downwards. At least, this is what Mike McGlone believes will happen while sounding the alarm of a recession for Bitcoin.
Born of the global financial crisis and zero interest-rate policies (ZIRP), #Bitcoin’s
We współpracy z: https://finbold.com/commodity-expert-sounds-recession-alarms-on-bitcoin-gold-ratio/
