PANews reported on April 20 that according to Cointelegraph, Bloomberg senior commodity strategist Mike McGlone said that as Trump's recent policies are implemented, investors turn to safer assets such as gold, and Bitcoin may continue to perform poorly. He believes that risky assets are showing signs of returning to the long-term mean, mainly its 200-week moving average, which has historically served as a key bottom line during major price adjustments. As of April 20, Bitcoin's 200-week moving average was about $46,300, down about 45% from the current price level of about $85,000.