Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Bloomberg senior analyst: Bitcoin faces a risk of falling to $50,000 in 2026.

robot
Abstract generation in progress

BlockBeats news, on November 24, Wall Street analysts warned that the price of Bitcoin could face a big dump of 40% to $50,000 by 2026. Bloomberg Intelligence senior commodity strategist Mike McGlone stated on LinkedIn that he expects the price of this leading Crypto Asset to drop 60% from its historical high of $126,000 by next year. “Will Bitcoin fall to $50,000 or rise to $150,000 in 2026? My judgment leans towards $50,000,” McGlone said, “especially if the S&P 500 index experiences its third down year since 2008.” His argument is that the combination of soaring gold prices, falling oil prices, and stock market fluctuations will prompt investors to avoid high-risk assets like Bitcoin.

BTC-0.64%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)