Bloomberg: "The Bitcoin Era is Over"… Cryptocurrency Market Outlook for 2026

2026-01-24 01:33:04

Source: DigitalToday Original Title: Bloomberg “The Bitcoin Era Is Over”… Cryptocurrency Market Outlook for 2026 Original Link:

Bloomberg macro strategist Mike McGlone(Mike McGlone) has withdrawn his long-term bullish outlook for the 2026 cryptocurrency market and proposed a ‘sell on rally’ strategy for Bitcoin and risk assets overall.

Mike McGlone analyzed that Bitcoin, which was once an asset driven by scarcity and innovation, has now lost its intrinsic appeal due to excessive speculation and institutional adoption. He assessed that ETF approvals and record-low volatility are not bullish signals but signs of market collapse.

He pointed out that Bitcoin is no longer an off-system asset and is closely linked to traditional financial markets. Additionally, he forecasted that stock, commodity, and precious metal markets in 2026 are also likely to decline. He emphasized that the surge in gold is not a bullish signal but a sign of market instability, and investors should be cautious when the ‘stupid rock’ surpasses everything.

Whether Mike McGlone’s outlook will prove correct remains uncertain, but his analysis suggests that the cryptocurrency market is undergoing structural changes. In 2026, can Bitcoin regain its status as a safe haven?

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