Mike McGlone, chief commodity strategist at Bloomberg Intelligence, shared insights into a potential shift in investor preference from Bitcoin to gold by 2025. McGlone noted that gold, which has seen a 26% increase this year, could outperform the S&P 500 next year. He suggests that gold could attract investors from both the stock market and cryptocurrencies, including Bitcoin, especially if Bitcoin peaks this year. Bitcoin is currently trading below $100,000 but has seen a 3% increase recently, reaching around $95,500. Additionally, concerns over Tether’s compliance with new European crypto regulations have been cited as a factor affecting Bitcoin’s price. Despite the rumors, Tether’s CEO has confirmed that USDT will not be considered illegal in Europe.