Co-ordinate to Bloomberg Intelligence, $100,000 Bitcoin (BTC) and $2,000 gilt could greet 2022 every bit global markets face "deflationary forces."

In a tweet on Dec. 9, Mick McGlone, a senior article strategist at Bloomberg'due south enquiry arm, forecast that next yr would be good for both gold and BTC.

"Positive ramifications" for Bitcoin thanks to deflation

Every bit inflation makes headlines worldwide this month, Bitcoin has faced criticism over its alleged role as a hedge cheers to its 39% drawdown from best highs.

Every bit Cointelegraph reported, the latest U.Southward. Consumer Price Alphabetize (CPI) data is due Dec. 10, with analysts presuming that aggrandizement volition have sharpened 6.7% twelvemonth-on-twelvemonth.

Side by side yr could be very dissimilar, McGlone argues, as inflationary pressures give way to declining commodity prices and equities.

"$100,000 Bitcoin, $50 Oil, $2,000 Gold?" he tweeted.

"Peaking commodities and the declining yield on the Treasury long bond signal to risks of reviving deflationary forces in 2022, with positive ramifications on Bitcoin and gold."
Macro avails comparative chart. Source: Mike McGlone/ Twitter

A previous mail service highlighted crude oil prices now beingness roughly equivalent to where they were merely before the 2008 global fiscal risis.

Schiff forecasts inflation "getting medieval"

McGlone is well known for his bullish views on Bitcoin. Golden, much-maligned this year cheers to its comparatively flat performance versus Bitcoin, may also benefit from macro headwinds.

Related: Bitcoin dips below $50K as Evergrande defaults on U.s.a. dollar debt

The Bitcoin versus aureate debate continues to rage, with proponents trading barbs as neither army camp sees the kinds of gains they assumed would characterize Q4.

On aggrandizement, however, in that location was consensus to exist constitute.

"How long before investors realize that even if the Fed follows through with its inflation-fighting plan to taper QE and raise interest rates slightly in 2022, that it'll exist also little too late to derail this aggrandizement juggernaut?" gold bug Peter Schiff queried this calendar week.

"If Powell doesn't go medieval, inflation will!"
U.S. inflation chart. Source: Tradingeconomics.com