Bitcoin/Gold - The Cross That Needs to Go Up, Or Else? The almost 20% S&P 500 drawdown in 1H was equal to about 13 trillion in total market cap -- over 40% of GDP -- the largest GDP-relative loss for a 20% beta decline in nearly a century. Falling Bitcoin vs. gold could be a canary in the coal mine for risk assets, putting an inordinate burden on the cross to stay above 33x. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sxshebdwrgg2 {BI COMD} #gold #bitcoin #stockmarket @BBGIntelligence