Gold 3,000, Bitcoin 70,000? The ounces of #gold equal to a #Bitcoin at about 28x on March 9 is at risk of dropping toward 21x, based on Bloomberg Economics' model. My bias is leaning that way, especially if the US #stockmarket reverses some of last year's almost 12 trillion advance. Full report on Bloomberg here: https://blinks.bloomberg.com/news/stories/sr9diadwx2ps {BI COMD} #commodities #macroeconomics @BBGIntelligence