Ah, the whispers of the market, how they echo through the halls of our restless age! Mike McGlone, that sagacious observer of commodities at Bloomberg Intelligence, has deigned to grace his X account with reflections most profound. Bitcoin, gold, and the tempestuous dance of their prices-what tales they weave of our global economy’s hidden maladies! And lo, gold ascends to its zenith, a princely $3,578 per ounce, a sum that makes even the most stoic of wallets quiver. 🏆✨
Crypto and stocks: flat as a steppe at dawn, says McGlone
In a tweet, McGlone, with the precision of a naturalist cataloging the habits of some rare species, declares that the Bloomberg Galaxy Crypto Index and the S&P 500 have “flatlined against gold” these past eight years. Ah, the irony! While in dollars they swell like a summer storm, in gold’s steadfast gaze, they are but shadows, fleeting and insubstantial. 🌪️💸
One would expect crypto, that brash young upstart, to outpace gold, especially in the fiery embrace of inflation. And yet, here we are, with gold holding its ground like a stoic peasant enduring the whims of a fickle tsar. McGlone, ever the Cassandra, hints that this stalemate may portend a deeper malaise-a weakening of the global economy’s sinews, or perhaps the harbinger of a revolution in the financial order. 🌍⚖️
Today, gold’s price leaps to $3,578, a 120% ascent over three years. A triumph, no doubt, but one that leaves us pondering: what does it mean when the ancient store of value outshines the new? 🏅💭
Gold Guiding Stuff That’s Never Happened – Feint or Profound? It’s not a good sign for the global economy that the S&P 500 and Bloomberg Galaxy Crypto Index have flatlined vs. gold for about eight years. Is the ancient store of value ripe for reversal? My analysis of annual… 😏📉
– Mike McGlone (@mikemcglone11) September 2, 2025
Saylor’s unwavering faith: Strategy buys 4,048 BTC
And yet, in this landscape of uncertainty, Michael Saylor, that indefatigable apostle of Bitcoin, remains undeterred. His firm, Strategy (formerly MicroStrategy), has once more thrown its lot in with the digital gold, acquiring 4,048 BTC for a princely $449.3 million. A yield of 25.7% year-to-date in 2025-not too shabby for a man who has staked his fortune on the whims of the blockchain. 🤑🔗
Strategy has acquired 4,048 BTC for ~$449.3 million at ~$110,981 per bitcoin and has achieved BTC Yield of 25.7% YTD 2025. As of 9/1/2025, we hodl 636,505 $BTC acquired for ~$46.95 billion at ~$73,765 per bitcoin. $MSTR $STRC $STRK $STRF $STRD 🚀💎
– Michael Saylor (@saylor) September 2, 2025
With this latest purchase, Strategy’s hoard swells to 636,505 BTC, a treasure valued at $70,953,631,069. A king’s ransom, indeed, but one wonders-in a world where gold reigns supreme, is Bitcoin but a fleeting dream? 🧐🌠
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2025-09-02 18:07