According to Bloomberg's senior commodities specialist Mike McGlone, gold may perform better than Bitcoin during a potential recession, especially if it involves a stock market slump. McGlone's analysis shows that the metal is moving upward while Bitcoin is declining on a 100-week basis. Gold saw a strong upward move as the Federal Reserve hiked interest rates, signaling its correlation with rising interest rates. Meanwhile, Bitcoin's vulnerability is due to its higher correlation to the stock market and risk assets. McGlone believes the worst is over and that there is a consensus for a soft landing, but Société Générale's strategist Albert Edwards argues that a recession is a done deal.