Mike McGlone, chief commodities strategist at Bloomberg Intelligence, took to his official account on the social media network Approaching 2025.

Will gold overtake bitcoin in 2025?

Mike McGlone shared recent data provided by Bitcoin Intelligence regarding gold reaching a peak of 26%, higher this year, as of December 30th. This upward momentum suggests that next year the most popular precious metal may outperform the S&P 500.

McGlone noted that the odds are that gold may also attract investors from the stock market and “gain the upper hand,” “particularly if Bitcoin peaks” this year.

He also noted that gold will attract investors from cryptocurrencies, including Bitcoin, in 2025.

Analyst says Tether FUD is suppressing Bitcoin price

Currently, the world's largest cryptocurrency is trading for less than $100,000. However, in the last 24 hours, it has managed to recover more than 3% and reach the $95,500 area.

As previously reported by U.Today, Michael van de Poppe, a senior cryptocurrency analyst, named the Tether FUD currently trading on the cryptocurrency market as the main reason behind the rise of the cryptocurrency. Bitcoin price is unable to come back Above $100,000.

On December 30, European authorities implemented new cryptocurrency regulations that assume strong compliance, and many expect Tether's stablecoin, USDT, to not fit into these new regulations. Therefore, many are spreading speculation that the most popular stablecoin will be delisted from European exchanges. However, Tether CEO Paolo Ardoino refuted these rumours, stressing that Europe would not consider USDT illegal in its markets.