Bitcoin’s Future: Gold’s Revenge and $40K Dream

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Will Bitcoin Dive to $40K While Gold Throws a Party at $4K? Find Out! 💸✨

Bitcoin and Gold

Hold onto your digital wallets, folks! Mike McGlone, the guy at Bloomberg who’s probably been burned one too many times by Bitcoin, has dropped a prediction. Spoiler: it’s not looking good for your favorite crypto. He says Bitcoin has been schlepping behind gold this year. Yep, your shiny old gold seems to be winning this race — mostly because people are starting to believe risk is so last decade.

Why Mike thinks gold’s the new hero

According to Mr. McGlone (the man with a crystal ball… or maybe just a really expensive tea leaves), Bitcoin’s performance in 2025? Not exactly making it rain. Investors are apparently saying, “You know what? I’ll stick with good old gold. It’s like that reliable friend who never flakes — unlike Bitcoin, which is basically the temperamental diva of the financial world.”

He’s also throwing some serious shade, claiming that the market’s in a deflationary chill after last year’s inflation fiesta. When that happens, folks just prefer holding gold instead of Bitcoin’s rollercoaster rides. Because who doesn’t want a safe, boring rock when the economy’s throwing a tantrum? 🎢

Bitcoin $40,000? Gold $4,000? Inflation’s making friends with deflation — and Bitcoin’s just sitting there, like, “Where’s my spotlight?” Maybe May’s crazy 33x per ounce price of gold compared to a single crypto hints that the party’s over.

— Mike McGlone (@mikemcglone11) June 3, 2025

He bluntly says Bitcoin is overhyped and overvalued, especially compared to our old pal gold. “Back in May, one Bitcoin was worth 33 times an ounce of gold,” he points out — as if that’s a good thing. Now, he’s betting that the market might shift gears and focus on gold, leaving Bitcoin to sip piña coladas in the $40,000 range.

Could this mean Bitcoin drops to $40K while gold skyrockets to $4K? 💥

McGlone’s crystal ball (or really good tea leaves) suggest a future where gold hits $4,000 an ounce and becomes ten times more valuable than Bitcoin. That would mean Bitcoin’s taking a little tumble to $40,000 — a price we saw, like, last Tuesday in 2023. And traders? They’re still busy making it rain, with Bitcoin bouncing around at $105,380.78 — up 1.33% in a day, because nothing says stability like a rollercoaster.

Meanwhile, the legendary Robert Kiyosaki, who probably has a gold bar on his nightstand, disagrees. He’s warning that the market might crash and send billions rushing into Bitcoin like it’s the best thing since sliced bread — or perhaps sliced blockchain.

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2025-06-03 16:45