As a seasoned researcher with over two decades of experience under my belt, I have witnessed firsthand the evolution and revolution of financial markets. The year 2025 is shaping up to be a pivotal one for Bitcoin (BTC), if Mike McGlone’s predictions come true.
In the forthcoming year, Bitcoin (BTC) is expected to gain more prominence, fueled by its role as a reserve currency and its impressive performance over the past 12 months. As per Mike McGlone of Bloomberg, this digital currency could emerge as a leading commodity benchmark in 2025, surpassing other assets under observation. Furthermore, McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the promising potential of Bitcoin while acknowledging gold’s positive performance as well.
BTC on Top of Bloomberg’s Commodity Performance List
According to Mike McGlone’s analysis, Bitcoin has surpassed commodities such as the MSCI Emerging Markets Net Total and gold in its performance this year. As McGlone illustrated in a chart, Bitcoin has yielded an impressive 138.6% return so far in 2021, significantly outperforming gold’s gain of 25.7%.
Among various investments, the S&P 500 Total Return Index has shown exceptional growth of approximately 25.3% this year. In comparison, other assets such as the MSCI Emerging Markets Net Total, MSCI World ex USA Net Total Re, and Broad Dollar Index have performed modestly with returns of 12.2%, 9.8%, and 5.0% respectively.
Instead of all the assets analyzed by Bloomberg experiencing growth, some actually declined. Specifically, US Treasury bonds with a maturity of more than 20 years and the generic first ‘CL’ Future dropped by 4.3% and 3.3% respectively. This significant drop in performance led Mike McGlone to recognize that the year 2024 was particularly favorable for risk assets, as they performed well overall.
2025 could see Bitcoin emerging as a leading indicator among commodities. With Bitcoin taking the lead on our annual macroeconomic performance dashboard and U.S Treasury bonds trailing behind, it seems that the peak for risk assets might be near. Interestingly, gold has surpassed the AI-driven S&P 500 in performance, despite…
— Mike McGlone (@mikemcglone11) December 19, 2024
This year, Bitcoin achieved multiple record-breaking peaks (All-Time Highs). Just a few days ago, the value of Bitcoin surpassed $108,000 for the initial time, but then it experienced a decline in its upward trend.
Bitcoin Reserve To Shape Narratives
A significant milestone for the leading digital currency in 2021 has been its acceptance by corporate entities. Besides MicroStrategy, a company specializing in business intelligence and software, organizations such as Metaplanet and Semler Scientific have chosen to hold Bitcoin as a strategic financial asset.
According to previous reports from Coingape, the mining company MARA Holdings recently purchased approximately 15,574 Bitcoins for a total of $1.53 billion. This significant investment is believed to have contributed to Bitcoin’s ongoing development and expansion up until now.
Regardless, the shift by global governments towards establishing a Bitcoin strategic reserve is an intriguing development worth keeping an eye on next year. This trend is being observed not just in the United States, but also in Japan and the EU, suggesting a broader acceptance. If major players like the U.S. succeed in creating such reserves as projected, experts predict it could potentially address significant national debt issues.
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2024-12-19 20:10