As reported by Chainthink, on December 29, Bloomberg Intelligence senior commodities strategist Mike McGlone warned that Bitcoin’s price could fall to $50,000 in 2026, with a potential further drop of 90% to $10,000. McGlone noted that Bitcoin faces millions of digital asset competitors, unlike gold, which has only three. He also predicted gold prices would rise 10% by 2026, surpassing $5,000 per ounce, and warned that 2026 could be a poor year for all asset classes, with U.S. equities likely to face a correction.
Bloomberg Analyst Predicts 2026 Bitcoin Drop to $50,000 Amid Broad Market Downturn
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Summary
Bitcoin news from Bloomberg Intelligence on December 29 warns of a potential drop to $50,000 by 2026, with a possible 90% decline to $10,000. Senior strategist Mike McGlone cited millions of altcoins to watch as a key challenge for Bitcoin. He also predicted gold prices would rise 10% by 2026, while U.S. equities face a correction.
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