Bitcoin Surges to $40,000? Bloomberg Analyst's Surprising BTC Price Forecast Revealed

Bloomberg Strategist Predicts Bitcoin Underperformance Compared to Gold in 2025

Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, is known for his bearish outlook on Bitcoin (BTC). Now, he has made a notable prediction – Bitcoin is expected to underperform against gold in 2025.

According to McGlone's update, Bitcoin has been underperforming relative to gold in 2025. This suggests that the market is shifting away from riskier assets like Bitcoin, as investors gravitate towards traditional assets like gold.

McGlone believes that the broader financial market is experiencing deflationary conditions after the recent spike in inflation. He opines that investors generally prefer traditional assets like gold to store value during deflation, as speculative assets like Bitcoin may not appeal to seasoned investors.

The commodity strategist claims that Bitcoin has been overvalued compared to gold. He points out that in May, one Bitcoin was worth 33 times the price of an ounce of gold. However, the market could shift away from crypto and focus on gold, potentially leading to a scenario where gold hits $4,000 per ounce and is 10 times the value of Bitcoin. If this prediction comes true, it could mean that Bitcoin could plunge to $40,000, a level last seen in 2023.

Despite the potential bearish outlook, the current Bitcoin price is $105,380.78, representing a 1.33% increase in the last 24 hours. The coin had previously reached a peak of $106,500 before dropping to the current level. Despite the price correction, trading activity remains robust, with a 4.91% uptick in trading volume to $43.5 billion.

Interestingly, Robert Kiyosaki, the author of "Rich Dad Poor Dad," holds an opposing view to McGlone's. Kiyosaki warns of a potential market crash that could see billions flow into Bitcoin as a safe haven.