Ripe for a Breakout That Better Be Up - Bitcoin vs. Gold, Beta - Buried Bitcoin annual volatility vs. gold and similarly muted risk metrics vs. the S&P 500 have crypto-breakout implications. Maturation suggests Bitcoin's days of outsized gains may be over, but very low crypto volatility has typically coincided with extreme pessimism. This time it's the opposite, elevating systematic risks of the politically embraced asset. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sxqmqddwx2ps {BI COMD} #bitcoin #gold #stockmarket @BBGIntelligence