In a notable shift since its all-time high in 2021, bitcoin finds itself trailing behind gold, signaling potential economic concerns. Particularly, the bitcoin/gold ratio is encountering significant resistance against the record-setting United States stock market, warning of the possibility of a recession 2024 episode. Bloomberg’s commodity expert, Mike McGlone, expresses concerns about the digital asset market’s trajectory.

McGlone’s analysis, shared on X on January 23, highlights his inclination towards an approaching recession, emphasizing trickle-down risks.

SourceRecession 2024: What’s Different This Time?

Bitcoin has historically maintained an inverse relationship with…

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