McGlone pointed out that odds are that gold may also draw investors from the stock market and “have the upper hand,” “especially if Bitcoin has peaked” this year.
He also noted that gold will attract investors from crypto, including Bitcoin, in 2025.
As reported by U.Today earlier, top cryptocurrency analyst Michael van de Poppe has named the Tether FUD that is currently circulating the crypto market as the main reason why the Bitcoin price is unable to go back above $100,000.
On Dec. 30, the European authorities implemented new crypto regulatory rules that assume strong compliance, and many expect Tether’s stablecoin, USDT, not to fit into these new regulatory rules. Therefore, many are spreading speculation that the most popular stablecoin would be delisted from European exchanges. However, Tether CEO Paolo Ardoino has refuted those rumors, assuring that Europe will not call USDT illegal on its markets.
This article was originally published on U.Today
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