Coin-Turk 11 minutes ago
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Senior analyst Mike McGlone from Bloomberg has issued a warning regarding Bitcoin’s potential significant depreciation due to current market conditions and its performance compared to gold and stocks. He indicated that cryptocurrencies have become riskier in light of gold’s rising value. These comments suggest a shift in market players’ preferences.
Bitcoin and Other Assets
According to the analyst, Bitcoin 
$84,342’s value around 84,899 is consistent with data showing that gold could increase by approximately 15% starting in early 2025, while Bitcoin may see a similar decline. The growing preference for gold over cryptocurrencies is also reflected in ETF data, indicating a shift in investors’ risk appetite.
As demand for gold revives in an uncertain environment, Bitcoin’s weakness undermines its narrative as digital gold.
McGlone and Cryptocurrency Predictions
McGlone has shared insi…
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