U.Today: Bloomberg Intelligence's chief commodity strategist, Mike McGlone, has shared his thoughts on the probable shift that the gold-Bitcoin competition may undergo in the next year 2025 on his official account on the X social media network, which was formerly known as Twitter.
Will 2025 see gold surpass Bitcoin?
Mike McGlone recently published data from Bitcoin Intelligence showing that, as of December 30, gold has risen 26% this year. Because of this upward trend, the most popular precious metal might do better than the S&P 500 index in the upcoming year.
Gold is likely to attract investors from the stock market as well, McGlone noted, and "have the upper hand," "especially if Bitcoin has peaked" this year.
Additionally, he pointed out that in 2025, gold will draw investors from cryptocurrency, such as Bitcoin.
According to an analyst, Tether FUD is lowering the price of Bitcoin.
The largest cryptocurrency in the world is currently trading for less than $100,000. Nevertheless, it has recovered more than 3% in the last day, reaching the $95,500 zone.
Top cryptocurrency expert Michael van de Poppe has dubbed the Tether FUD that is presently circulating the coin, as previously reported by U.Today.
Market as the primary cause of Bitcoin's inability to return beyond $100,000.
Many anticipate that Tether's stablecoin, USDT, will not be able to comply with the new crypto regulations that were put into effect by European authorities on December 30. These regulations require strict adherence. As a result, a lot of people are speculating that the most well-liked stablecoin would be taken off of European exchanges. Paolo Ardoino, the CEO of Tether, has denied the rumors, promising that Europe will not declare USDT unlawful on its markets.
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