As reported by Bitcoin.com, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, warned of a potential market downturn in 2026, citing stretched valuations, falling crypto prices, and deflationary pressures. He stated that bitcoin could fall to $10,000 in a deeper correction and noted that crypto is leading a broader market rollback. McGlone also expressed concerns about U.S. equities and gold, calling them overextended, and recommended U.S. Treasurys as a defensive asset.
Bloomberg's Mike McGlone Warns of Market 'Hurricane' in 2026
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Summary
Bloomberg’s Mike McGlone warned of a potential market hurricane in 2026, citing stretched valuations and falling crypto prices. He said bitcoin could drop to $10,000 in a deeper correction, with the crypto market leading a broader rollback. McGlone also called U.S. equities and gold overextended, favoring U.S. Treasurys as a safer bet. His market outlook highlights deflationary pressures and growing risks ahead.
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