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Bloomberg analyst: The Bitcoin/Gold ratio may eventually dip to about 13 times, with the coin price falling to around 50,000 USD.

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BlockBeats news, on December 1, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, posted on social media that Bitcoin may retrace to $50,000, and the Bitcoin/gold ratio could ultimately fall to 13 times. The extreme complacency in the market suggests that risk assets may decline further, with Bitcoin likely to be the first to suffer. Mike McGlone stated that Bloomberg's economic model shows the Bitcoin to gold ratio was about 20 times on December 1, while its fair value should be close to 13 times—the key driver behind the return of this ratio is that the 120-day volatility of the S&P 500 index is approaching its lowest year-end level since 2017.

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