Bitcoin vs. Gold: McGlone Predicts Major Shift in 2025
McGlone's Prediction: Bitcoin vs. Gold
Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence, predicts Bitcoin will underperform against gold in 2025. He suggests investors are moving away from riskier assets like Bitcoin toward traditional safe-havens like gold due to deflationary market conditions post-inflation spike.
Shift to Traditional Assets
McGlone notes that in May, Bitcoin was valued at 33 times the price of an ounce of gold. He warns that if the U.S. stock market declines, Bitcoin could drop to $40,000, while gold might surge to $4,000, making it ten times more valuable than Bitcoin.
Current Market Context
As of now, Bitcoin is trading at approximately $105,380, showing a 1.33% increase over 24 hours, with trading volume up 4.91% to $43.5 billion. Despite this, McGlone remains bearish on Bitcoin's outlook.
Contrasting Views
Robert Kiyosaki, author of "Rich Dad Poor Dad," opposes McGlone's view, suggesting Bitcoin could become a safe haven if a market crash occurs, potentially driving significant capital inflows into the cryptocurrency.
This prediction highlights the ongoing debate about Bitcoin's role as a store of value versus traditional assets like gold.
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