Bitcoin is losing ground to gold in ‘Uptober’ as Bitcoin falls back

From Investing.com

October 23, 2024 02:30:24 PM:

Bloomberg Intelligence’s Mike McGlone notes Bitcoin is underperforming gold. In “Uptober,” 1 BTC equals 24 oz of gold, with gold at an all-time high. McGlone suggests Bitcoin might face challenges ahead, as it falls back while the stock market remains strong. Bitcoin advisor Max Keiser predicts BTC could reach $220,000 soon. McGlone also highlights Bitcoin’s correlation with copper and the need for increased volatility for continued growth.

Read more at Investing.com: Bitcoin Loses Ground to Gold This ‘Uptober’: Mike McGlone By U.Today