Bloomberg Provides Bullish Outlook For Bitcoin In 2025
Summary
- Mike McGlone predicts Bitcoin will lead the commodities list next year.
- This year, risk assets with inflation hedges dominated the investment landscape.
- Bitcoin is gaining traction due to massive demand from institutional investors and the push for it to become a national reserve asset.
Bitcoin (BTC) is poised to gain more recognition in the coming year, driven by its growing status as a reserve asset and strong performance throughout 2024. Bloomberg’s Mike McGlone forecasts that Bitcoin may become a leading commodity indicator in 2025, surpassing other major assets. He sees Bitcoin’s increasing institutional demand and its role in hedging against inflation as key factors contributing to its rise.
McGlone’s prediction highlights Bitcoin’s impressive momentum as it continues to outperform many traditional assets. As more institutional investors embrace Bitcoin, the digital currency is gaining traction as a viable store of value. The shift toward digital assets is intensifying, with Bitcoin expected to play a central role in the evolving financial landscape.
Alongside Bitcoin, McGlone also notes the continued strength of gold, which has shown resilience as a safe-haven asset. Both assets are gaining attention, with Bitcoin’s unique attributes positioning it to challenge traditional commodities. As Bitcoin strengthens its position, it is likely to emerge as one of the most prominent assets to watch in the year ahead.
BTC Ranks at the Top of Bloomberg’s Commodity Performance List
Mike McGlone confirmed that Bitcoin has outperformed several commodities on his watchlist, including the MSCI Emerging Markets Net Total. According to a chart shared by McGlone, BTC has risen 138.6% year-to-date (YTD), while Gold has gained 25.7% over the same period.
The next top performer is the S&P 500 Total Return Index, which has seen a close 25.3% growth YTD. Meanwhile, other assets like the MSCI Emerging Markets Net Total, MSCI World ex USA Net Total, and the Broad Dollar Index have shown modest gains of 12.2%, 9.8%, and 5.0%, respectively.
Not all assets tracked by Bloomberg experienced gains. The US Treasury 20+ Year and Generic 1st ‘CL’ Future saw declines of 4.3% and 3.3%, respectively. These notable losses led Mike McGlone to acknowledge that 2024 turned out to be a strong year for risk assets.
Bitcoin reached several All-Time High (ATH) milestones this year. Earlier this week, the price of BTC surpassed $108,000 for the first time, before retracing its gains.
Bitcoin Reserve Will Shape Future Narratives
A major highlight for Bitcoin this year has been its growing adoption by corporate firms. Beyond business intelligence and software giant MicroStrategy, other companies, such as Metaplanet and Semler Scientific, have also embraced Bitcoin as a strategic reserve asset. This trend signals a shift in how businesses view digital currency and its role in their financial strategies.
The move to incorporate Bitcoin as a reserve asset demonstrates confidence in its long-term value. As more companies adopt Bitcoin, they not only recognize its potential for growth but also position themselves to benefit from its increasing institutional demand. This growing corporate interest adds to Bitcoin’s credibility as a legitimate and valuable asset class.
With these new adopters, Bitcoin’s role in the corporate world is expanding. The trend is likely to continue as more businesses see the advantages of holding Bitcoin as a hedge against inflation and market volatility. As Bitcoin continues to gain recognition, its adoption by corporate firms will play a significant role in shaping the future of digital currencies.
As reported earlier by Coingape, mining giant MARA Holdings purchased 15,574 BTC for $1.53 billion, a move that has contributed to the coin’s growth to date.
Despite this, the shift by world governments to develop a BTC strategic reserve remains the top highlight to watch for next year. The trend is growing across the globe, from the United States to Japan and the EU. If countries like the US achieve this reserve status as planned, experts believe it could help address the massive national debt crisis.
