<ul><li>Bitcoin's underperformance relative to gold in 2025 could signal shifting macroeconomic expectations, as per Bloomberg Analyst Mike McGlone.</li><li>McGlone suggests that Bitcoin's price compared to gold reflects a market outlook expecting deflation and recession after inflationary periods.</li><li>The Bitcoin-to-gold ratio peaked at 33x in May, indicating a potential inflection point with a possibility of gravitating towards safe havens like gold amidst deflation.</li><li>For Bitcoin to reclaim a leading role among risk-on assets, a rising stock market may be essential, according to McGlone's analysis.</li></ul>

Bitcoin May Lag Behind Gold Without S&P 500 Rally, Says Bloomberg Analyst

Discover more