BitcoinSistemi 2025-06-12 16:52:07

Bitcoin (BTC) Warning from Bloomberg Analyst Mike McGlone! "At a Risky Turning Point!"

The Bitcoin-gold rivalry has been going on for years. At this point, one BTC is ahead of another gold, while Mike McGlone warned that Bitcoin is approaching a risky turning point. Bloomberg Intelligence senior analyst Mike McGlone said Bitcoin volatility has fallen to an all-time low. Accordingly, he noted that Bitcoin's historically low volatility compared to gold and the S&P 500 could indicate a major breakout potential for BTC. However, the analyst also stated that this situation also carries great risks for Bitcoin. According to the analyst, the risky side and the correction trend are more significant for Bitcoin. Stating that Bitcoin is approaching a key test in terms of further earnings potential at this point, the analyst said that the annual volatility of BTC against gold reaching a record low at the beginning of June showed that the market was maturing. McGlone noted that Bitcoin’s maturation could reduce its chances for major upsides, and the current low volatility in the bull market could also increase systemic risks for the increasingly politicized BTC. “Bitcoin's 60-day volatility has hit a record low compared to gold and the S&P 500. This suggests that a correction trend may emerge for Bitcoin against gold, given the recovery in the balance between assets. It could also signal an impending correction for Bitcoin, given the balance between Bitcoin and traditional assets. In the past, periods of low volatility have often occurred in an environment of extreme pessimism, but this time, with market optimism prevailing, systemic risk may become more pronounced.” *This is not investment advice. Continue Reading: Bitcoin (BTC) Warning from Bloomberg Analyst Mike McGlone! "At a Risky Turning Point!"