Gold vs. Bitcoin: Which Is More Likely to Cause a Champagne Shortage?
McGlone, a man whose calculator is certainly more polished than his optimism, has become enamored by the Bitcoin-to-gold ratio-presently perched around 35 ounces per solitary Bitcoin. This, we are told, is precisely the level reached in 2021, moments before Bitcoin decided to reenact Icarus, minus the sunblock. Should Bitcoin fail at this golden hurdle, he suggested investors would bolt for the safety of U.S. Treasuries, “the next big trade”-because there’s nothing like the thrill of earning 1.75% and a free lecture from your uncle at Thanksgiving.