Bitcoin News
By Sakamoto Nashi
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In a bold prediction that’s stirring discussion across financial markets, Bloomberg Intelligence's senior commodity strategist Mike McGlone has warned that a significant market…
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Taking to the platform X (formerly Twitter), McGlone highlighted concerning signals in traditional markets and connected them to broader economic tensions, including trade…
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Central to McGlone’s warning is the idea that markets have long shown a tendency to self-correct. In his view, the current high ratio of the S&P 500 to both U.S.
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His base-case scenario outlines a staggering but historically grounded drop in asset prices. Among his forecasts:
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A fall in the 10-year U.S. Treasury yield to 3%
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A drop in Bitcoin to $10,000, with 90% drawdowns across most cryptocurrencies
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A surge in gold to $4,000 per ounce, standing as a unique outlier
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McGlone frames these projections as part of a “normal reversion” — not a doomsday scenario, but a natural response to extreme economic conditions that have been building over the…
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A key theme in McGlone’s post is the potential backlash against President Donald Trump’s aggressive tariff policies and the broader idea of economic “austerity.
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As of the latest market data, Bitcoin is holding above $87,500 — far from the $10,000 level McGlone warns about, but if his predictions hold, it could represent a dramatic 90%…
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Oil markets, too, are on shaky ground. After surging earlier this year amid geopolitical tensions and supply concerns, crude prices have shown increased volatility.
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Meanwhile, McGlone sees gold as the exception. Unlike risk assets such as crypto or equities, gold has a historical reputation as a hedge against turmoil.
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While some in the finance world may see McGlone’s outlook as overly bearish, others note that his analysis is grounded in data and long-term market cycles.
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Ultimately, McGlone’s forecast isn’t about panic — it’s about preparation. For investors, traders, and policymakers alike, the message is clear: history has a way of repeating…
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