The launch of Bitcoin on the back of the great recession spurred a proliferation of cryptocurrencies -- about 20-million are listed on CoinMarketCap -- and may be a key risk-asset leading indicator. My graphic shows normal reversion in Bitcoin might be toward 10,000. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t1aeq6gq7l3t {BI COMD} #bitcoin #gold #stockmarket @BBGIntelligence(Mike McGlone)