Mike McGlone, a Senior Commodity Strategist at Bloomberg, is significantly more pessimistic than the majority of the industry when predicting where BTC may be at the start of the new year. According to McGlone, <a href="https://www.cryptoknowmics.com/news/bitcoin-btc-solidifies-position-as-best-crypto-bull-case/">BTC</a> is more likely to end 2025 at a price below $84,000 than $94,000, due to a combination of technical analysis along with BTC function being below macro bitcoins of concern.
<h2>Multiplicative macro explanations</h2>
Mike believes BTC is acting as a \\"high beta leader\\" in the risk on. Stability paradigms design macro {(spec assets, S+P)} contraction. BTC macro function is a loser yielding below stable assets. McGlone predicts a fundamental regime shift with macro price stability. The environment is a stable non speculative priced economy, or as he puts it, \\"deflation post inflation\\".

In his recent analysis, he stated, \"Bitcoin $40,000, Gold $4,000; Inflation vs. Deflation, Recession - One of the outcomes of the 2025 Bitcoin vs. Gold price suffering stagnation, is the anticipated phenomenon of the cycle's deflation to the inflation. \"

[embed]https://twitter.com/mikemcglone11/status/1997782148380512584[/embed]
<h2>Reverberations From Previous Declines</h2>
The analyst is making a comparison to the 2007 downturn to the current environment. It is similar in that the first of what became a series of the Fed's rate cuts is also in place, and he believes a decline will occur. In that prior environment, the Bitcoin market was also in a state of stagnation, and the expectation of a liquidity add was on the horizon. One indicator of that environment is the stagnation of Bitcoin due to a bad market pattern expected of history.

Investors observe a stagnant market, and according to McGlone, they have begun to act in a \\"risk-off\\" manner. He believes that a significant gap between Gold's price and Bitcoin's price shows that Gold is performing well above Bitcoin and that Gold is maintaining it's place as a safe haven, while other speculative instruments are losing momentum.  Most of the time extreme Bitcoin price as low as $10,000 will occur, but he believes that extreme price won’t happen unless there is significant stress in the global macro environment. With the current environment, the more important measure he believes is that Bitcoin will weaken to a price more likely in the $50,000 range, and that the environment will weak investor sentiment.

McGlone: Bitcoin Likely Below $84K by Year-End 2025

Bloomberg strategist Mike McGlone warns Bitcoin could close 2025 below $84,000, driven by deflationary pressures and a shift away from speculative risk assets.

McGlone: Bitcoin Likely Below $84K by Year-End 2025

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