Bitcoin May Face Investor Shift Toward Gold in 2025, Mike McGlone Warns by PakGazette


PakGazette – Mike McGlone, chief commodities strategist at Bloomberg Intelligence, has taken to his official account on the social network gold and Bitcoin. can take in the next 2025.

Will it surpass gold in 2025?

Mike McGlone has shared recent data provided by Bitcoin Intelligence that gold peaked at 26%, an increase this year, as of December 30. This bullish momentum suggests that next year, the most popular precious metal may outperform the S&P 500 index.

McGlone noted that gold will most likely also attract stock market investors and “have the upper hand,” “especially if Bitcoin has peaked” this year.

He also noted that gold will attract cryptocurrency investors, including Bitcoin, in 2025.

FUD Suppresses Bitcoin Price, Says Analyst

Currently, the world’s largest cryptocurrency is changing hands below $100,000. Even so, in the last 24 hours, it has managed to recover more than 3% and reach the $95,500 area.

As previously reported by PakGazette, top cryptocurrency analyst Michael van de Poppe has named the Tether FUD currently circulating in the cryptocurrency market as the main reason why the price of Bitcoin cannot rise above $100,000 again.

On December 30, European authorities implemented new crypto regulatory rules that entail strict compliance, and many expect that Tether’s stablecoin USDT will not fit into these new regulatory rules. Therefore, many are spreading speculation that the most popular stablecoin would be delisted from European exchanges. However, Tether CEO Paolo Ardoino has refuted those rumors and assured that Europe will not call USDT illegal in its markets.



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