2025-12-29 12:23:46

Bloomberg senior analyst Mike McGlone recently made a bold prediction: Bitcoin could drop to $50,000 in 2026, and in extreme cases, even touch $10,000.

His logic is straightforward—gold only has to contend with three competitors, while Bitcoin must break through in a hunt among millions of cryptocurrencies. In his view, 2025 is very likely to be the peak of the entire crypto market.

But the reality looks like this: Bitcoin is currently priced at $88,000. From its October high of $126,000, it has already retraced nearly 30%. Is it the top? Or is this a misjudgment by traditional analysts clinging to old perspectives on new market rules?

The market has never rewarded those who follow the crowd, only those who bet correctly on the direction. This time, do you believe the warning from well-known institutions, or do you choose to trust the trend itself?

BTC-0.38%

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CoffeeNFTs

· 4h ago

Here we go again, singing the bearish tune. I've heard this kind of rhetoric last year. --- McGlone's words sound nice, but let's look at how he predicted things last year before judging. --- Millions of coins hunting for Bitcoin? That's laughable; 99% are just air coins. --- Starting to be bearish when Bitcoin drops from 126,000 to 88,000? What about when it rose from 3,000 to 60,000 two years ago? --- The people making real money are now bottom-fishing, not listening to analysts' stories. --- Gold and Bitcoin are not the same thing; such an analogy is meaningless. --- According to this logic, 2021 should have been even worse, but what was the result? --- When institutions turn bearish, that's when we should be most cautious. That's what this indicates. --- Repeated tests of the bottom range—doesn't that seem abnormal? --- I actually want to see whether his position is short or long.

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LiquidityHunter

· 5h ago

McGlone is bearish again, this guy's logic is really outrageous I've heard McGlone's arguments too many times, and I always miss the opportunity Gold and Bitcoin are fundamentally not on the same level; comparing them is nonsense If it drops below 50,000, I would actually buy the dip, it's that simple Rather than listening to Wall Street's bearish predictions, it's better to look at on-chain data Let's talk about 2026, it's still early These predictions happen every year, and they often don't come true, so I'm done with it

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MysteryBoxOpener

· 5h ago

Old Mai went a bit overboard this time. Statements like "50,000 yuan" are just for show. --- Millions of cryptocurrencies hunting? Come on, most of them are trash. Stop pretending to be an analyst. --- Drop to 10,000? Wake up, buddy, that's not realistic at all. --- Panicking at a 30% retracement? That's normal in a bull market, okay? --- Using gold logic to analyze Bitcoin is fundamentally the wrong approach. --- You only make money by betting on the right direction. Those listening to rumors are all just leeks. --- Still hesitating at 88,000? Get ready to be proven wrong. --- The analogy of gold competing with Bitcoin is really weak. --- 2025 is the peak? I want to see how he looks in 2026. --- Don't trust institutions; on-chain data is more reliable.

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PrivacyMaximalist

· 5h ago

Old McGlone is here again with alarmist predictions, I've heard this rhetoric last year The crypto world is like this, every time it rises they shout collapse, every time it falls they say bottomed out Can gold be the same as btc? They are completely different tracks, comparing them is just forcing it Betting on the right direction indeed makes money, but this guy has never bet correctly Millions of coins hunting? Laughable, 99% are trash, after the big waves, only these few top ones remain Using traditional analysis and logic to look at new things, isn't that just armchair strategizing? I'll listen when it hits 50,000. For now, just treat it as entertainment news

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