Bitcoin for Gold, Bloomberg's Mike McGlone Teases Potential Twist Ahead

Bitcoin vs. Gold: Bloomberg strategist hints at shock twist ahead

Bitcoin beats U.S. bonds on yields, gains gold-like status and draws political support as a potential national reserve asset. Insights inside

For some, bitcoin as a digital currency is as safe as gold. For others, the digital currency is only a database entry with no value of its own. However, an important decision has recently been made on Wall Street, which is likely to further increase the acceptance of bitcoin.

Bitcoin vs. Gold: Treasury Yields at 5.15% Spark Safe-Haven Showdown — Who Wins? News ETHNews

Gold ETFs hold $100B vs. BTC ETFs’ $44B; rising yields may favor gold’s safe-haven role short-term. BTC’s decoupling from risk assets (S&P 500) key to surpassing gold; macro uncertainty tests its store-of-value narrative. Bitcoin’s role as a digital alternative to gold faces scrutiny as ETHNews analysts debate its resilience against macroeconomic shifts. While Bitcoin (BTC) trades near $112,000, Bloomberg Intelligence strategist Mike McGlone sug…

Bitcoin vs Gold: Experts Debate Safe-Haven Potential Amid ETF Growth

Bitcoin (BTC), the worlds leading cryptocurrency, continues to gain ground on traditional assets like gold. Venture capitalist Tim Draper recently declared gold is dead, emphasizing Bitcoins dynamic market performance. However, Bloomberg Intelligence strategist Mike McGlone offered a more nuanced perspective, suggesting rising U.S. Treasury yields could favor gold in the short term. On May 22, 2025, McGlone highlighted that with the U.S. 30-year…

Bitcoin for Gold, Bloomberg's Mike McGlone Teases Potential Twist Ahead

Bloomberg's Mike McGlone shares new take on Bitcoin and gold rivalry