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Bitcoin Predicted to Drop to $40 Thousand, While Gold Rises Sharply?
Senior analyst from Bloomberg Intelligence, Mike McGlone, predicts that the price of Bitcoin (BTC) could weaken due to changes in investor sentiment towards the global economic conditions.
He also highlights the potential recession that has been anticipated for the past two years, which may soon occur. If this scenario indeed happens, the price of Bitcoin could drop to $40,000, the S&P 500 index to $4,000, and the price of gold could soar to $4,000 per ounce.
"Bitcoin at $40K and gold at $4K. It's about inflation versus deflation, plus the potential recession. Weak Bitcoin prices in 2025 may reflect a natural cycle: deflation following inflation," he wrote on platform X.
Historically, Bitcoin's price movement often aligns with the S&P 500 index. So, if that index cannot hold strong, Bitcoin could also fall — and this could actually present a golden opportunity for a sharp rise.
⚠️ Not financial advice. Do your own research before making decisions (DYOR).
Bitcoin Predicted to Drop to $40 Thousand, While Gold Rises Sharply?
Senior analyst from Bloomberg Intelligence, Mike McGlone, predicts that the price of Bitcoin (BTC) could weaken due to changes in investor sentiment towards the global economic conditions.
He also highlights the potential recession that has been anticipated for the past two years, which may soon occur. If this scenario indeed happens, the price of Bitcoin could drop to $40,000, the S&P 500 index to $4,000, and the price of gold could soar to $4,000 per ounce.
"Bitcoin at $40K and gold at $4K. It's about inflation versus deflation, plus the potential recession. Weak Bitcoin prices in 2025 may reflect a natural cycle: deflation following inflation," he wrote on platform X.
Historically, Bitcoin's price movement often aligns with the S&P 500 index. So, if that index cannot hold strong, Bitcoin could also fall — and this could actually present a golden opportunity for a sharp rise.
⚠️ Not financial advice. Do your own research before making decisions (DYOR).
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