Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Mike McGlone Says, But Here’s Catch
By: bitcoin ethereum news|2025/05/08 13:00:06
0
Share
Bitcoin-to-gold ratio breaking down Robert Kiyosaki reveals why he prefers Bitcoin over gold Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, has taken to his account on the X social media platform (formerly known as Twitter) to share with the community an important “early warning” about Bitcoin. Despite BTC approaching the highest level against one of the biggest stock market indexes, there is something quite negative to be noted and taken into account, the expert believes. Previously, several times, McGlone stated that he expects the world’s largest cryptocurrency to crash, losing a zero from the recently reached $100,000 price level. You Might Also Like Bitcoin-to-gold ratio breaking down Mike McGlone revealed that he has spotted an early warning sign for Bitcoin; despite Bitcoin reaching the highest level against the S&P 500, which may indicate a divergence in its performance compared to traditional safe-haven assets like gold, the leading indicator on the chart shared by McGlone – the Bitcoin-to-gold ratio – is crashing. This means that the world’s leading cryptocurrency is getting cheaper against gold – BTC/XAU. Now, it is taking fewer gold ounces to buy one Bitcoin. This index peaked in 2021, according to McGlone’s chart. At the moment, Bitcoin is trading at $96,953 per coin after soaring by almost 3% from $94,670 to $97,430. Ahead of the upcoming FOMC meeting, Bitcoin went down 1.08% today. By now, it has recovered 0.6%. You Might Also Like Robert Kiyosaki reveals why he prefers Bitcoin over gold The renowned investor and author of the “Rich Dad Poor Dad” book, Robert Kiyosaki, tweeted this week that, while he continues to bet on gold, Bitcoin and silver, he actually prefers Bitcoin to the other two assets. The key reason for such an attitude is the fact that Bitcoin has a hard cap of only 21 million coins, and it cannot be changed. “One reason why I trust Bitcoin is there are only to ever be 21 million,” Kiyosaki tweeted. The investor revealed that he owns gold and silver miners, as well as oil wells. He explained that should the prices on these assets increase, he will just mine or drill more of them and their supply would expand. But it is impossible with Bitcoin – “I cannot do that with Bitcoin. 21 million is 21 million,” Kiyosaki stressed. Source: https://u.today/bitcoin-nears-highest-level-against-sp-500-mike-mcglone-says-but-heres-catch
You may also like
From Human Application to Intelligent Collaboration: How GOAT Network Builds the Next Generation Digital Economy
Embracing the Era of Super Individuals: GOAT Network launches Bitcoin-secured Layer 2 exclusive infrastructure, fully empowering AI entities to usher in a new era of fully automated digital economy.
CZ Washington Dialogue: Crypto Entrepreneurs are Accelerating Their Return to the United States
CZ connects with the DC Blockchain Summit: The prison memoir is about to be published, harshly criticizing the inaccuracies of traditional media reports, and pointing out that if the U.S. wants to become the "global crypto capital," it urgently needs to introduce more sufficient market competition t...
Morning Report | Strategy increased its holdings by 1,031 bitcoins last week; Katana Blockchain acquires IDEX; NYSE completes rule change to eliminate trading limits on crypto ETF options
Overview of Important Market Events on March 23
Electric Capital: Tracking 501 types of yield-generating RWA assets, we discovered these patterns
From private credit to GPU leasing, from catastrophe bonds to music royalties, the range of tokenizable assets is much richer than the market perceives. However, the biggest challenge is not technology, but distribution—existing RWAs heavily rely on a few large deployers, and the concentration of ri...
Those who are cut off by AI will not disappear; they will become the creators of the next round of the economy
AI is not eliminating people, but rather the superstition of "stable careers": those who break the shackles of organizations and understand how to rewrite themselves are ushering in the ultimate revenge.
Stablecoins reshaping cross-border payments in Asia? Strategic panorama and investment opportunity analysis
With the popularity of local payment channels, the costs of traditional transfers have been significantly reduced, and the fees are now mainly concentrated in the domestic settlement phase, which is precisely what stablecoins cannot bypass.
Zuckerberg is building an AI agent to help him as CEO
Zuckerberg is reported to be personally developing a "CEO proxy" to accelerate information acquisition and reduce management layers.
Bloomberg: Swiss Private Bank Old Guard Rifts, Is Bitcoin the Spark?
For Marc Syz, this is both a bet on the digital asset track and a complete break from Switzerland's long-established private banking dynasty.
Zuckerberg is building an AI assistant to help him be CEO
Mark Zuckerberg has been reportedly personally developing a "CEO Proxy" to speed up information flow and reduce management layers.
Join WEEX AI Wars II: How WEEX API, Trader Skills Empower AI Trading Innovations
Join WEEX AI Wars II and be part of a global AI trading revolution. Compete with top AI agents and bots, showcase your strategies, and leverage WEEX API and Trader Skill to innovate, automate, and gain exposure in the AI trading ecosystem. Onboard your AI agent to WEEX AI Wars II NOW.
What kind of scenario will Backpack's TGE today play out in the bear market opening?
Currently, the Polymarket market gives an 87% probability to the event of its fully diluted valuation surpassing $200 million on the day after its launch.
Polymarket Ten Million Dollar Winner Retrospective: 40 Addresses, 100,000 Transactions, Only Three Ways to Make Money
The difference between the three is not in the parameters, but in playing entirely different games.
The Most Brutal Single-Month Plunge in 43 Years, Gold's Every Top Looks Like This
In the first three peaks, the central bank was not a net buyer of gold
Jiang Xueqin's Latest Interview Transcript: How to View the Current Global Changes
Iran's Next Move, Trump's War Plan, and Israel's Plot to Sabotage It
Maximize Your USDT Yield: The Weex Auto Earn Strategy for Passive Crypto Income
Learn how to earn interest on USDT with WEEX Auto Earn. Discover how stablecoins can generate passive income and why some platforms now offer up to 300% APR.
1 million investment yields over 1 billion return, Airwallex co-founder Liu Yueting reviews key life investments
At 25, all in with millions of dollars, at 34 worth 3 billion, Lucy Liu, co-founder of Airwallex, shares her ten-year wealth creation logic: betting on the right track, building a deep moat with licenses, and fully embracing AI intelligent finance by 2026.
Polymarket Millionaire Review: 40 addresses, 100,000 transactions, only three ways to make money
The differences between the three categories are not due to different parameters, but rather because they are playing completely different games.
Four Key Truths and Cost Traps Behind Polymarket LP Market Making Incentives
The potion left in the witch's hand is still poison; let's wait for Polymarket's major announcement tomorrow.
From Human Application to Intelligent Collaboration: How GOAT Network Builds the Next Generation Digital Economy
Embracing the Era of Super Individuals: GOAT Network launches Bitcoin-secured Layer 2 exclusive infrastructure, fully empowering AI entities to usher in a new era of fully automated digital economy.
CZ Washington Dialogue: Crypto Entrepreneurs are Accelerating Their Return to the United States
CZ connects with the DC Blockchain Summit: The prison memoir is about to be published, harshly criticizing the inaccuracies of traditional media reports, and pointing out that if the U.S. wants to become the "global crypto capital," it urgently needs to introduce more sufficient market competition t...
Morning Report | Strategy increased its holdings by 1,031 bitcoins last week; Katana Blockchain acquires IDEX; NYSE completes rule change to eliminate trading limits on crypto ETF options
Overview of Important Market Events on March 23
Electric Capital: Tracking 501 types of yield-generating RWA assets, we discovered these patterns
From private credit to GPU leasing, from catastrophe bonds to music royalties, the range of tokenizable assets is much richer than the market perceives. However, the biggest challenge is not technology, but distribution—existing RWAs heavily rely on a few large deployers, and the concentration of ri...
Those who are cut off by AI will not disappear; they will become the creators of the next round of the economy
AI is not eliminating people, but rather the superstition of "stable careers": those who break the shackles of organizations and understand how to rewrite themselves are ushering in the ultimate revenge.
Stablecoins reshaping cross-border payments in Asia? Strategic panorama and investment opportunity analysis
With the popularity of local payment channels, the costs of traditional transfers have been significantly reduced, and the fees are now mainly concentrated in the domestic settlement phase, which is precisely what stablecoins cannot bypass.
App