"Bitcoin (BTC) Investors May Shift to Gold in 2025"

JH Kim

Summary

Mike McGlone stated that Bitcoin has peaked and that Gold might surpass Bitcoin in 2025.
He mentioned that Gold could attract investors from cryptocurrencies, including Bitcoin.
Currently, Bitcoin is showing an increase compared to the previous day in the Binance Tether market.

Mike McGlone, a senior macro strategist at Bloomberg Intelligence, stated on the 1st (local time) via his X (formerly Twitter) that "As of December 30, 2024 (local time), gold has risen by about 26% and has outpaced the S&P 500," adding, "Especially as Bitcoin (BTC) has peaked, there is a possibility that gold could surpass Bitcoin in 2025. Gold could attract investors from cryptocurrencies, including Bitcoin."

Meanwhile, BTC is trading at $95,342.95, up 3.65% from the previous day, as of 01:18 on the 1st, based on the Binance Tether (USDT) market.

BTC

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

"Bitcoin (BTC) Investors May Shift to Gold in 2025"

PiCK News

Unregistered crypto exchanges continue operating openly as the Korea Communications Media Commission is effectively shuttered

US spot Ethereum ETFs see $57 million in net inflows a day after outflows

US spot Bitcoin ETFs see $144.9 million in net inflows a day earlier…second straight session

Banking industry: ‘Stablecoin issuers should be vetted for at least a year before getting a Fed payments account’… Clash over ‘skinny accounts’

Democratic Party formalizes push to disperse crypto exchange governance… “Move quickly on the Framework Act on Digital Assets”

Trending News