Ah, the eternal dance of Bitcoin and gold—a tale as old as time, or at least as old as 2009. Mike McGlone, the senior commodity strategist at Bloomberg Intelligence, has taken to Twitter to declare that Bitcoin is teetering on the edge of losing its coveted “digital gold” status. Why? Because, apparently, physical gold is having a moment. 🥇
Bitcoin: The Enduring Risk-Asset Apex or Just a Hangover? 🍻
In his first tweet, McGlone, with the gravitas of a man who has seen too many market cycles, declared that Bitcoin ETFs are hemorrhaging funds. Institutional investors, those fickle creatures, are pulling out faster than you can say “blockchain.” Meanwhile, gold, which has been in a four-year slump, is suddenly back in vogue. McGlone suggests that this could mark 2024 as the year of the “enduring risk-asset apex.” Or, as I like to call it, the year Bitcoin got a reality check. 📉
The chart he shared is a rollercoaster of emotions—Bitcoin skyrocketing, fueled by what he calls “the biggest money pump in history,” only to come crashing down in what can only be described as a hangover. Investors, it seems, are now flocking to gold, leaving Bitcoin to nurse its wounds. 🍺
A Selling-When-They’re-Yelling Top? Cryptos 2024 – A third month of Bitcoin ETF outflows vs. the reversal of four years of gold liquidation might mark 2024’s crypto frenzy as an enduring risk-asset apex.
Full report on the Bloomberg here: {BI COMD}…
— Mike McGlone (@mikemcglone11) April 14, 2025
Meanwhile, in the second tweet, McGlone points out that Chinese government bonds are also taking a nosedive. Investors, it seems, are running for the hills—or rather, for the gold. 🏃♂️
Falling Bitcoin May Be Fueling Rising Gold – The stretched US stock market could be following deflation in China, with implications for all risk assets, notably Bitcoin and gold.
Full report on the Bloomberg here: {BI COMD}#commodities #gold #bitcoin…— Mike McGlone (@mikemcglone11) April 14, 2025
At press time, Bitcoin is trading at $85,030, having staged an 8% surge over the weekend. But let’s be honest, in the world of crypto, that’s just another Tuesday. 🚀
Kiyosaki’s Take: The Giant Crash is Here, and It’s Glorious 💥
Robert Kiyosaki, the man behind “Rich Dad Poor Dad,” has a different take. In a tweet that reads like a doomsday prophecy, Kiyosaki declared that all his favorite assets—gold, Bitcoin, and silver—are on the rise. He’s been warning of a giant market crash for 20 years, and now he’s finally saying, “I told you so.” 🎤
PLEASE LISTEN to Gold, Silver, & Bitcoin. What are they telling you?
Gold is at an all time high, demand for silver is exploding, and Bitcoin is roaring.Are you listening?
REPEATING MYSELF, I warned of the biggest stock and bond market crash in history was coming in my…
— Robert Kiyosaki (@theRealKiyosaki) April 13, 2025
Kiyosaki believes that the “corrupt and crooked US dollar” is being wiped out, and those who are holding onto stocks, bonds, ETFs, and mutual funds are going down with it. The only way out? Bitcoin, gold, and silver. Because, apparently, the apocalypse is the perfect time to diversify your portfolio. 💰
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2025-04-14 17:57