• Notification Date: 02-01-2025
• Notification No: 02-01-2025

Bitcoin Faces Potential Rival in Gold as Investors Eye Shift in 2025, Warns Mike McGlone

The dominance of Bitcoin in the digital asset world may be seriously challenged in 2025 as gold becomes more popular among the investors, Bloomberg Intelligence's chief commodity strategist Mike McGlone said. McGlone posted his view on social media, saying that if Bitcoin has already topped then gold could eventually become the store of value over Bitcoin.

As of December 30, according to the latest data published by Bitcoin Intelligence, gold stands at a positive 26% gain, initiating a positive drive for the precious metal. McGlone says this momentum might continue into 2025 and that gold may outperform the major indices such as the S&P 500. He explains that gold is pulling investors out of the stock market and even capital from the cryptocurrencies, such as Bitcoin.

Bitcoin, which is trading below $100,000 at the moment, has been in a price battle lately partly due to continued uncertainty over Tether, the world's largest stablecoin. Tether has been at the center of "FUD," or fear, uncertainty, and doubt, following new European regulations that might affect its market presence. Despite assurances from Tether CEO Paolo Ardoino that USDT will remain operational in Europe, the rumors have created unease, which is further suppressing the price of Bitcoin.

As gold continues its ascent and Bitcoin's future is far from clear, McGlone's warning might be that 2025 could be a turning point for both assets. If Bitcoin cannot regain its mojo, the investors may begin to run towards gold, and the latter becomes the investment destination for those who are looking for stability in times of uncertainty. For now, the rivalry between Bitcoin and gold is on, and one thing is sure: 2025 will be interesting for both markets.