
Mike McGlone|Apr 21, 2025 11:29
Digital Gold or Commodity? Bitcoin's Reversion Tilt - Bitcoin at more than 10x its 2019 average price of around 7,350 on April 17 signals it may be one of the commodities at top risk of reversion. Or is it digital gold benefiting from both acute deflation and inflation? The unlimited supply of cryptocurrencies tilts my bias to more of a commodity that's heading toward a low-price cure after getting too hot.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sv2c27dwx2ps {BI COMD}
#commodities #gold #bitcoin @BBGIntelligence
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink