Gold News $100k bitcoin price by 2025; is gold still worth buying? – Bloomberg Intelligence
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Gold Information $100k bitcoin value by 2025; is gold nonetheless price shopping for? – Bloomberg Intelligence
As bitcoin matures, the biggest cryptocurrency trades extra like gold, a retailer of worth, as evidenced by the 2 property’ shut correlation with one another this 12 months.
This correlation is prone to maintain, mentioned Mike McGlone, commodity strategist at Bloomberg Intelligence, and the identical macroeconomic forces pushing gold greater are prone to drive bitcoin as properly.
So if bitcoin is beginning to commerce like gold, a retailer of worth, and fewer like a danger asset however has extra upside potential, the query turns into: is gold nonetheless price shopping for? McGlone discusses on this interview.
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