Bloomberg strategist: Trump's recent policies are driving investors towards gold, while Bitcoin may continue to perform poorly.

Odaily News Mike McGlone, a senior commodity strategist at Bloomberg, stated on the X platform that Trump's recent policies have prompted investors to turn to safer assets like gold, and Bitcoin may continue to underperform. He believes that risk assets are showing signs of returning to long-term averages, primarily its 200-week moving average, which has historically served as a key bottom line during major price corrections. As of April 20, the price level of Bitcoin's 200-week moving average was approximately $46,300, which is about a 45% fall compared to the current price level of around $85,000.