Bitcoin May Plunge 50% As Gold Surges 100% Says McGlone

Mike McGlone, a Senior Commodity Strategist, has made a notable prediction regarding Bitcoin (BTC). McGlone, known for his bearish stance on Bitcoin, has forecasted that the leading digital currency is underperforming against gold. According to McGlone, Bitcoin has been underperforming in 2025 relative to gold, suggesting a market shift away from riskier assets like Bitcoin towards traditional assets like gold.

McGlone's analysis indicates that the broader financial market is deflationary after the recent inflation spike. He opines that investors generally prefer traditional assets like gold to store value in deflationary periods, making speculative assets like Bitcoin less appealing to seasoned investors. McGlone claims that Bitcoin has been overvalued relative to gold, stating that in May, one Bitcoin was worth 33 times the price of an ounce of gold. However, he suggests that the market could shift away from crypto and focus on gold.

According to McGlone's prediction, the current market conditions could see gold hit $4,000 an ounce and be 10 times the value of Bitcoin. If this prediction comes to pass, it means Bitcoin could plunge to $40,000, a level recorded sometime in 2023. This forecast is based on McGlone's analysis of the current market conditions and his expectations for the future performance of these assets.

McGlone's prediction is significant because it comes from a respected analyst who has a track record of making accurate predictions about the cryptocurrency market. His analysis is based on a variety of factors, including the current market conditions, the performance of other assets, and the overall economic outlook. McGlone's prediction suggests that investors may want to consider diversifying their portfolios to include other assets, such as gold, in addition to Bitcoin. This is because gold has historically been seen as a safe haven asset, and its price has tended to rise during times of economic uncertainty. In contrast, Bitcoin's price has been more volatile, and it may be more susceptible to market fluctuations.

McGlone's prediction also highlights the potential for a shift in the market dynamics of Bitcoin. If Bitcoin's price does retreat to $40,000, it could indicate that the cryptocurrency is losing some of its appeal as an investment asset. This could be due to a variety of factors, such as increased regulation, competition from other cryptocurrencies, or changes in investor sentiment. However, it is also possible that Bitcoin's price could rebound, as it has done in the past. Ultimately, the future performance of Bitcoin will depend on a variety of factors, and investors should be prepared for both potential outcomes.

Robert Kiyosaki, the author of "Rich Dad Poor Dad," holds an opposing view to McGlone’s. Kiyosaki warns of a potential market crash that could see billions flow into Bitcoin as a safe haven. This differing perspective adds to the complexity of the market outlook, with some analysts predicting a shift towards gold while others see Bitcoin as a potential safe haven during economic turmoil.