Bloomberg’s commodity strategist, Mike McGlone, made a strong bearish prediction for Bitcoin , forecasting a price crash to $50,000. Meanwhile, the gold rally shows no signs of stopping.
After a phenomenal 60% upside last year in 2025, gold has continued its upward move in 2026.
The rally in the yellow metal continues while liquidity in Bitcoin has been drying up fast.
In his latest post on the X platform, Bloomberg commodity strategist Mike McGlone said that the BTC price could revisit the $50,000 level in 2026.
This comes as the largest crypto asset has faced consistent selling pressure, dropping once again below $90,000 earlier today.
McGlone said continued stability in equity markets could prevent Bitcoin from sliding toward $50,000, but any stock volatility may pressure risk assets, including BTC.
He highlighted gold’s exceptional 2025 performance, its fastest alpha capture since 1979, as a potential warning for crypto markets.
In December, McGlone warned Bitcoin could crash up to 90% and trade near $10,000 due to rising competition from other digital assets.
Bitcoin’s price is currently trading about 30% below its October record high of $126,000, despite a supportive macroeconomic backdrop that includes the U.S. Federal Reserve cutting interest rates to their lowest level in three years.
CryptoQuant CEO Ki Young Ju recently shared that capital flows into Bitcoin are drying up fast. He stated that BTC could potentially be entering a prolonged period of consolidation.
Ju noted that liquidity channels for Bitcoin are now far more diversified than in previous cycles, making the timing of inflows less relevant.
He added that long-term institutional holders have disrupted the traditional whale-to-retail selling dynamic.
On the other hand, he believes that Bitcoin treasury firms like Strategy are unlikely to liquidate any meaningful portion of their Bitcoin reserves.
Ju added that capital has instead moved toward equities and commodities, including precious metals like gold and silver.
He does not expect a steep drawdown of more than 50% from Bitcoin’s all-time highs, as seen in past bear markets.
Bitcoin Hyper is generating significant buzz as the Layer-2 scalability platform surpasses $30.2 million in funding. Investors are flocking to this project, excited about its potential to transform the Bitcoin network.
BTC Hyper is designed to speed up transactions and cut fees while staying fully connected to the Bitcoin network. By easing congestion and lowering costs, it could make using Bitcoin faster, smoother, and more accessible for everyone.