Declining Bitcoin vs. Gold Might Trickle Down - The nearly unprecedented premium in US equity prices is ripe for some normalization, and the ounces of gold equal to a Bitcoin could be a guide. Since 2008, the S&P 500 Total Return Index has had only two down years -- both of which were bad for the crypto. Will 2025 be a downer for risk assets? Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t4642dgpwcjm {BI COMD} #gold #bitcoin #stockmarket #macroeconomics @BBGIntelligence(Mike McGlone)