Bitcoin 100,000 May Be a Risk-Off Bell Ring - The 'why buy #gold' mantra, with the #stockmarket and #Bitcoin having rapidly risen amid elevated US rates, could be shifting. That the S&P 500's first 10% drawdown since 4Q23 coincided with about a 25% drop in the crypto and gold rising to 3,000 an ounce may suggest what matters. Full report on Bloomberg here: https://blinks.bloomberg.com/news/stories/stbde7t0afb5 {BI COMD} #commodities #macroeconomics @BBGIntelligence