Bloomberg Analyst: All Asset Classes May Decline Next Year, Bitcoin Could Drop to $50,000

GateUser-6433627c · 2025-12-29T10:40:03+00:00

Bloomberg Intelligence strategist Mike McGlone predicts that Bitcoin prices could fall to $50,000 by the end of 2026, and may even decline by 90% to $10,000. He believes Bitcoin faces fierce competition, while gold prices are expected to rise by 10% to $5,000 per ounce, and warns that 2026 will be a challenging year for all asset classes.

GateUser-6433627c

2025-12-29 10:40:03

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On December 29, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone warned that Bitcoin prices will fall to $50,000 in 2026 and could even drop another 90% to $10,000. Mike McGlone stated, “Bitcoin is the first cryptocurrency in 2009. But now it has millions of digital asset competitors. In comparison, gold has only three competitors—silver, platinum, and palladium. He predicts that by 2026, the price of this major precious metal will rise another 10%, with trading prices exceeding $5,000 per ounce.” Mike McGlone said that 2026 will be a bad year for all asset classes. The surge in gold prices relative to other assets “could indicate a market correction in the US stock market in 2026, with crude oil, copper, silver, and all risk assets facing adverse factors.”

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