Bitcoin has experienced a notable downturn, shedding over 8.5% in value within just 24 hours, falling to around $77,000. This sudden decline has spurred investors toward more traditional safe-haven assets, leading some to question Bitcoin’s future. Renowned commodities strategist Mike McGlone from Bloomberg is drawing attention for his recent observations highlighting gold’s increased strength and its potential impact on the cryptocurrency market. 💰 He suggests that current valuations of both cryptocurrencies and stocks may be inflated beyond their underlying values, prompting many to seek stability in traditional assets such as gold and U.S. Treasury bonds.