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TechFlow news, May 17 — Bloomberg analyst Mike McGlone posted on social media stating that Bitcoin's underperformance relative to gold since 2021 may signal tougher times ahead for risk assets. McGlone added that this trend might simply reflect a temporary pause in the U.S. wealth creation mechanism that previously drove excessive stock price gains.
Bloomberg analyst Mike McGlone posted on social media that Bitcoin's underperformance relative to gold since 2021 may signal a tougher outlook for risk assets ahead. McGlone noted this trend could also simply reflect a temporary pause in the U.S. wealth creation mechanism that previously drove excessive stock price gains.
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