coin-img-MONADMONAD-17.20%coin-img-ETHETH-6.81%coin-img-BTCBTC-6.66%coin-img-SOLSOL-8.00%coin-img-UCNUCN+0.44%coin-img-XRPXRP-7.72%coin-img-USDCUSDC+0.03%coin-img-ADAADA-10.17%coin-img-MONADMONAD-17.20%coin-img-ETHETH-6.81%coin-img-BTCBTC-6.66%coin-img-SOLSOL-8.00%coin-img-UCNUCN+0.44%coin-img-XRPXRP-7.72%coin-img-USDCUSDC+0.03%coin-img-ADAADA-10.17%coin-img-MONADMONAD-17.20%coin-img-ETHETH-6.81%coin-img-BTCBTC-6.66%coin-img-SOLSOL-8.00%coin-img-UCNUCN+0.44%coin-img-XRPXRP-7.72%coin-img-USDCUSDC+0.03%coin-img-ADAADA-10.17%coin-img-MONADMONAD-17.20%coin-img-ETHETH-6.81%coin-img-BTCBTC-6.66%coin-img-SOLSOL-8.00%coin-img-UCNUCN+0.44%coin-img-XRPXRP-7.72%coin-img-USDCUSDC+0.03%coin-img-ADAADA-10.17%

Bitcoin May Drop to $50,000 as BTC/Gold Ratio Could Fall to 13x, Bloomberg Analyst Says

Bitcoin could test $50,000 as its ratio to gold may decline to approximately 13 times, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone said in a Dec. 1 social media post. Bloomberg's economic model showed the Bitcoin-to-gold ratio stood at around 20 times on Dec. 1, while fair value was estimated near 13 times. The key driver for this ratio adjustment is the S&P 500's 120-day volatility approaching its lowest year-end level since 2017, with market complacency suggesting risk assets including Bitcoin may face further downside, McGlone noted.
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