Bloomberg Senior Analyst: Bitcoin Faces Risk of Falling to $50,000 in 2026

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On November 24th, Wall Street analysts issued a warning that the price of Bitcoin might experience a 40% plunge and reach $50,000 in 2026. Bloomberg Intelligence's Senior Commodity Strategist, Mike McGlone, stated on LinkedIn that he anticipates the price of the leading cryptocurrency to decline by 60% from its all-time high of $126,000 by the next year. "Will Bitcoin fall to $50,000 or rise to $150,000 in 2026? My inclination is towards $50,000," McGlone said. "Especially if the S&P 500 Index undergoes its third consecutive down year since 2008." His reasoning is that the combination of soaring gold prices, declining oil, and stock market volatility will lead investors to shun high-risk assets such as Bitcoin.

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