Gold and Bitcoin Will Outperform Other Commodities

• Bitcoin and gold seems to have the favor in the coming years as compared to other commodities.
• Bloomberg strategist Mike McGlone says Bitcoin will outperform other commodities.

According to a recent analysis by Mike McGlone, senior commodity strategist at Bloomberg Intelligence, Bitcoin and gold are poised to outperform commodities in the next decade. McGlone argues that the end of the Federal Reserve’s aggressive tightening cycle is in sight, which could lead to lower commodity prices and rising demand for safe-haven assets like Bitcoin and gold.

Commodities have had a tough decade, with prices falling sharply in recent years. This is due to a number of factors, including the strong dollar, the global economic slowdown, and the rise of renewable energy. However, McGlone believes that the tide is turning for commodities, and that prices are likely to start to recover in the coming years.

Bitcoin, on the other hand, has had a stellar decade, with prices soaring from around $1,000 in 2012 to over $69,000 in 2021. McGlone believes that Bitcoin is still in its early stages of adoption, and that prices are likely to continue to rise in the coming years.

One of the reasons why Bitcoin is likely to outperform commodities is its limited supply. There will only ever be 21 million Bitcoins created, which makes it a scarce asset. Commodities, on the other hand, are much more abundant.

Another reason why Bitcoin is likely to outperform commodities is its rising adoption. More and more people are starting to see Bitcoin as a store of value and a hedge against inflation. Commodities, on the other hand, are still seen as more traditional assets.

Overall, McGlone believes that Bitcoin and gold are the best-positioned assets to outperform commodities in the next decade. He argues that these assets offer a combination of scarcity, inflation protection, and diversification benefits that make them attractive to investors.