Trump's Policies Drive Investors Toward Gold, Bitcoin Faces Challenges

According to Odaily, Bloomberg's senior commodity strategist Mike McGlone recently commented on the X platform that U.S. President Donald Trump's recent policies are prompting investors to shift towards safer assets like gold. McGlone suggests that Bitcoin may continue to underperform as risk assets show signs of reverting to their long-term averages, particularly their 200-week moving average. Historically, this moving average has served as a critical baseline during significant price adjustments. As of April 20, Bitcoin's 200-week moving average was approximately $46,300, which is about 45% lower than its current price level of around $85,000.