Ah, Bitcoin (BTC), the digital darling of the financial world, has been strutting its stuff against gold like a peacock in a tuxedo. Recently, the ever-enthusiastic Tim Draper, a venture capitalist with a flair for the dramatic, boldly declared gold to be as dead as a doornail because, well, it doesn’t dance like Bitcoin. But hold onto your hats, folks! Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, has thrown a potential curveball into this glittering saga.
Mike McGlone points to yields and risk dynamics
In a post on X (formerly known as Twitter, because why not?), McGlone analyzed the U.S. 30-year Treasury yield, which was a staggering 5.15% on May 22, 2025, when Bitcoin was prancing around at $112,000. He suggested that rising yields might just give gold a leg up over Bitcoin, thanks to gold’s long-standing reputation as the safe-haven asset. Who knew that shiny metal could be so reliable?
Gold vs. 5.15% Long Bond, $112,000 Bitcoin – May 22 has apex inklings for the US Treasury 30-year yield and Bitcoin, favoring gold. Or will the speculative digital asset keep rising, either lifting most risk-asset boats or rally on its own?
Full report on the Bloomberg here:…— Mike McGlone (@mikemcglone11) May 27, 2025
McGlone suggests that gold might be better positioned for the future, but he’s not ruling out the possibility of Bitcoin continuing its meteoric rise. It’s like watching a soap opera where the plot twists just keep coming! Will Bitcoin spark a broader market rally, or will it just be a lone wolf howling at the moon?
He also raises the intriguing question of whether Bitcoin could decouple from risk assets like the S&P 500. Gold, unlike our beloved Bitcoin, seems to thrive on macroeconomic uncertainty. It’s like that friend who always has a backup plan when things go awry.
According to McGlone, Bitcoin could only outpace gold if it keeps climbing. Otherwise, gold might just sit back, sip a martini, and enjoy the show. Unless Bitcoin decides to pull a rabbit out of its digital hat, gold is likely to remain the heavyweight champion.
Bitcoin ETFs narrow gap with gold
Despite McGlone’s cautious musings, some folks are still waving their Bitcoin flags high. Robert Kiyosaki, the author of “Rich Dad Poor Dad,” insists that Bitcoin’s supply cap of 21 million gives it a distinct advantage in the financial arena. It’s like having a limited edition collectible that everyone wants!
Kiyosaki even predicts that Bitcoin could skyrocket to $250,000 before the end of 2025. Talk about optimism! Meanwhile, the Bitcoin exchange-traded fund (ETF) has raked in a whopping $44.53 billion in cumulative inflows. In comparison, the gold ETF has a total asset of $100 billion. It seems the Bitcoin ETF is slowly but surely catching up, even though it’s only been around for less than two years. Who knew the race between gold and Bitcoin could be so thrilling?
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2025-05-27 18:31