Bitcoin experienced a significant drop in price yesterday, and with the current struggle to recover, Bloomberg Economics' analysis of the gold-to-BTC ratio suggests a potential shift in the market. The ratio has fluctuated in the past, reaching a peak in September and decreasing in late November. The ratio currently stands at 0.034. Senior commodity strategist Mike McGlone suggests that the ratio may decline, indicating that Bitcoin could become more valuable than gold. This prediction is reinforced by recent declines in the US stock market, which may impact both gold and Bitcoin. Bloomberg's analysis indicates that Bitcoin's value may continue to increase while gold's value declines.



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