Bloomberg Provides Bullish Outlook For Bitcoin In 2025

Bitcoin (BTC) is about to get more recognition in the coming year, riding on its reserve status and performance over the past year. According to Bloomberg’s Mike McGlone, the digital currency may become a top commodity indicator in 2025 after outpacing other profiled assets. While highlighting the prospects of Bitcoin, the Bloomberg Intelligence Senior Commodity Strategist also spotlighted the positive showoff from gold. BTC on Top of Bloomberg’s Commodity Performance List Mike McGlone confirmed that Bitcoin has outsmarted commodities on its watchlist, including the MSCI Emerging Markets Net Total. As McGlone shared in a chart, BTC is up 138.6% year-to-date (YTD), while Gold has earned a comparative 25.7%. The next top-performing asset is the S&P 500 Total Return Index with a close 25.3% growth YTD. Other assets like the MSCI Emerging Markets Net Total, The MSCI World ex USA Net Total Re and Broad Dollar Index scored meagre 12.2%, 9.8%, and 5.0% respectively. Not all assets profiled by Bloomberg saw gains as its US Treasury 20+ Y and Generic 1st ‘CL’ Future dropped 4.3% and 3.3%. These glaring performance prompted Mike McGlone to acknowledge how 2024 turned out very good for risk assets. Bitcoin May Be a Top Commodity Indicator in 2025. #Bitcoin on the top of our macroeconomic annual performance dashboard and US Treasury #bonds on the bottom may suggest it’s about as good as it gets for risk assets. That #gold has outperformed the AI-driven S&P 500, despite… pic.twitter.com/8ngXGxsfum — Mike McGlone (@mikemcglone11) December 19, 2024 Bitcoin recorded numerous All-Time High (ATH) milestones this year. Earlier this week, BTC price topped $108,000 for the first time, before reversing its gains. Bitcoin Reserve To Shape Narratives One major highlight for the premier digital currency this year is the adoption from corporate firms. Beyond business intelligence and software firm, MicroStrategy, companies like Metaplanet and Semler Scientific adopted Bitcoin as a strategic reserve asset. As reported earlier by Coingape, mining giant MARA Holdings bought 15,574 BTC for $1.53 billion, an acquisition that has helped fuel the coin’s growth to date. Despite this, the pivot by world governments to develop a BTC strategic reserve remains the top highlight to watch out for next year. From the United States to Japan and the EU, the conversion is growing across the board. If countries like the US achieve this reserve status as planned, experts claim it could help deal with the huge national debt crisis. The post Bloomberg Provides Bullish Outlook For Bitcoin In 2025 appeared first on CoinGape .