Gold vs. Bitcoin: The Epic Showdown You Didn’t Know You Needed! 💰⚔️

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Ah, dear reader, gather ’round as we delve into the curious musings of one Mike McGlone, a sage of sorts, perched atop the lofty towers of Bloomberg. With a flourish of his quill, he has graced the digital realm with a proclamation regarding the eternal tussle between the glittering gold and the elusive Bitcoin, that digital chimera of our times.

In a moment of profound insight, McGlone has suggested that our beloved Bitcoin, that shimmering beacon of hope for many, may soon find itself overshadowed by the age-old allure of gold. Yes, you heard it right! He dares to whisper that Bitcoin has perhaps reached its zenith at the grand price of $100,000. Oh, the audacity! 🎩

Bitcoin’s Dwindling Sparkle: A Comedy of Errors

With a twinkle in his eye, McGlone tweeted about the VIX, that fickle mistress of market volatility, which seems to be on a downward spiral. This, he claims, heralds a resurgence for gold, which is now outshining not just the stock market but also the riskier escapades of Bitcoin. It appears that gold is strutting its stuff, outperforming the AI-driven S&P 500 like a peacock in a room full of pigeons.

“Bottoming VIX Might Favor Gold vs. Bitcoin, Beta – #Bitcoin may have peaked at about $100,000, suggesting that risk assets are rolling over with buoyancy implications for #gold. Or is the rapidly rising digital asset just pausing at this threshold? A key gauge that augurs…”

— Mike McGlone (@mikemcglone11) February 11, 2025

In a twist worthy of a farcical play, McGlone raises the eternal question: has Bitcoin truly peaked, or is it merely taking a leisurely stroll before the next grand ascent? His musings echo through the finance community like a ghostly whisper in a haunted mansion.

“Lower stock market volatility might favor gold over riskier assets like Bitcoin,” he quips, as if he were a jester in the court of financial folly.

Saylor’s Grandiose Gambit: A Bitcoin Bonanza

But lo! Amidst this swirling tempest of speculation, we find the indomitable Michael Saylor, the mastermind behind MicroStrategy, now whimsically rebranded as simply Strategy. This audacious fellow has recently announced a jaw-dropping acquisition of 7,633 Bitcoins, a sum that would make even the most stoic of accountants weep with joy—approximately $742 million worth! 💸

Earlier this year, Strategy sent shockwaves through the market with a single purchase of $1.1 billion in Bitcoin. One can only imagine the raucous laughter echoing through the halls of finance as Saylor continues his relentless pursuit of Bitcoin, undeterred by the whims of the market.

Since August 2020, Saylor’s brainchild has been on a Bitcoin-buying spree, and according to the latest quarterly report, Strategy has witnessed an inflow of Bitcoin that would make even the most seasoned treasure hunter envious. With several billion raised through stock offerings, the company has used every last penny to acquire more of that digital gold.

As we pen this tale, the world’s pioneering cryptocurrency is trading just above the $97,000 mark, a price that seems to dance tantalizingly on the edge of possibility.

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2025-02-11 19:20