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Bitcoin and Commodity Forecast for 2025 from Bloomberg Analyst: Critical Thresholds Identified - Coin Bulletin
Bloomberg Intelligence senior macro strategist Mike McGlone drew attention to the critical role of Bitcoin in financial markets in 2025.
McGlone emphasized that Bitcoin staying above $100,000 is not only important for the crypto market but also for the balance of global risk assets.
McGlone, in his statement, "Bitcoin may have become the most important macroeconomic indicator trading 24/7 worldwide by 2025. Especially, the election of Donald Trump, who was previously anti-crypto and is now a complete advocate, has strengthened Bitcoin's status."
In addition, McGlone also highlighted critical levels for other important commodities. He said that for Brent crude oil, it staying above $80 per barrel, copper above $4.50 per pound, and corn above $4.64 per bushel could signal a recovery from post-2022 deflationary effects. However, he mentioned that for Bitcoin, this level is $100,000.
According to McGlone, for global risk assets to stabilize, Bitcoin needs to maintain the $100,000 threshold. If Bitcoin falls below $100,000, it could cause not only cryptocurrency markets but also wider market fluctuations. McGlone said, "Maintaining this level could be a signal of recovery for financial markets."
McGlone emphasized that in 2025, the role of cryptocurrencies and Bitcoin in the macroeconomic system has become so significant that it cannot be compared to commodities and other risky assets. He also stated that Bitcoin is not only a cryptocurrency, but also a global economic indicator.