Sources
Bob Elliott
For more than 4 years, Gold has been a far better asset to hold than Bitcoin. While the returns have been similar since 1Q21, Gold has had 1/4 the monthly vol and drawdowns, and a mere 14% correlation to stocks vs. Bitcoin's near 60%. https://t.co/DKcV3BGcm3
Mike McGlone Bitcoin/Gold May Lead the Way Lower - The nearly unprecedented premium in US equity prices is ripe for some normalization and the ounces of gold equal to a Bitcoin could be a guide. Since 2008, the S&P 500 Total Return Index has had only two down years -- both of which were bad https://t.co/lMqIyEkFsm
- Mike McGlone
S&P 500/GDP 1929 Parallels Favoring Gold vs. Bitcoin - Staying lofty may be a top prerequisite for the US stock market to avoid a typical deflationary downturn following inflation. That undue burden could have shifted to Bitcoin. Full report on the Bloomberg here: https://t.co/p34eRUjVLQ
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