He stated:
McGlone further expanded his outlook to 2026, writing:
FAQ ⏰ Why does Bloomberg Intelligence see bitcoin as oversupplied? Mike McGlone argues rising issuance, leverage, and speculation followed BTC’s sharp price run-up. What bitcoin price levels are highlighted for 2026? The outlook points to $50,000 as initial support with a possible move toward $10,000 in a severe downturn. How could stock market volatility impact crypto? Normalization in equity volatility could strengthen risk-asset correlations and pressure BTC prices. Why is gold important in McGlone’s crypto outlook? Parabolic gold performance versus falling cryptos is cited as a warning of a broader asset rotation.
