Mike McGlone, a senior analyst at Bloomberg Intelligence, has recently shared a warning about the future of cryptocurrencies. He says that while Bitcoin (BTC) is still doing well, the rest of the crypto market is not keeping up with other big assets like stocks, gold, and government bonds. He said that Bitcoin and the U.S. Treasury bonds could become two of the best-performing investments this year, especially during tough economic times. Crypto Returns Match Stocks But With Higher Risk McGlone pointed to lower investor demand and high interest rates as reasons why many digital coins are under pressure . So far in 2025, the Bloomberg Galaxy Crypto Index (BGCI) has gained 7%. This matches the year-to-date return of the S&P 500, the main stock market index in the United States. However, McGlone warns that this comparison is misleading. Although he acknowledged that the crypto market is maturing, high volatility makes it more risky. According to McGlone, crypto gives the same return as the S&P 500 but with four times the volatility. He highlighted that investors are taking on much more risk for the same level of profit. At the same time, the Bloomberg Dollar Index has fallen by 7.5% this year. A weaker dollar usually helps push up asset prices, including crypto. Even with this drop, most cryptocurrencies are still not doing well. This adds to McGlone’s argument that the market is not as strong as it appears. Bitcoin May Still Lead, But the Rest May Struggle While McGlone sees problems in the wider crypto market, he still expects the flagship crypto to do well. In his view, Bitcoin and U.S. Treasury bonds are the most likely to perform well this year. This may seem like a contradiction, but McGlone sees long-term value in Bitcoin, calling it a digital form of gold because of its limited supply and adoption rate. However, he also warns that Bitcoin’s success may depend on how the stock market behaves. Furthermore, McGlone also predicts that the stock market will fall sharply. His warning followed a 1.6% fall in the S&P 500 last Friday. This drop caused weaker-than-expected jobs data, which raised concerns about the strength of the economy. Bitcoin Drops After July High In July 2025, Bitcoin hit a record high of $122,838, but since then, its price has dropped to about $112,113. Other cryptocurrencies have fallen even more. Currently, Bitcoin is trading at $113,789, up 0.93% in the last 24 hours, according to CoinMarketCap data. Analyst Mike McGlone once said Bitcoin could fall as low as $10,000. Although this has not happened yet, he still stands by his warning. Even though some people disagree with him , McGlone still believes the crypto market could see a big drop. The post Bloomberg Analyst Says Crypto Is Falling Behind, Despite Bitcoin Strength appeared first on TheCoinrise.com .
