TechFlame reports that Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, posted on a social media platform, suggesting that Bitcoin may retest $50,000, and the Bitcoin-to-gold ratio could eventually drop to 13 times. Extreme market complacency indicates that risk assets may face further declines, with Bitcoin likely bearing the brunt. Mike McGlone noted that Bloomberg's economic models show the Bitcoin-to-gold ratio is currently around 20 times, while its fair value should be closer to 13 times. The key driver pushing the ratio back to this level is the S&P 500's 120-day volatility approaching its lowest year-end level since 2017.