Bloomberg's chief commodity strategist, Mike McGlone, has explained on social media why the price of Bitcoin has dropped below its recent all-time high. He suggests that the decline is a result of a normal reversion in risk assets, and that Bitcoin's high volatility has caused it to fall more than other assets. McGlone also points out that the S&P 500 index has not experienced a major drawdown in Q4 of this year, unlike Bitcoin. He predicts that the S&P 500's strength may not be sustained in 2025. Meanwhile, renowned Bitcoin investor Robert Kiyosaki predicts a global crash and advises readers to be smarter with their money, holding onto their jobs and income sources. However, he notes that gold, silver, and Bitcoin retain their value regardless of the economic situation, and believes that market crashes can present wealth-building opportunities.



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