Bitcoin’s decline could signal market leverage unwinding, McGlone warns. McGlone predicts Bitcoin’s price could dip to $10,000. Gold shines while Bitcoin and risk assets falter, McGlone says. Mike McGlone, the chief commodity strategist at Bloomberg Intelligence, has stated that Bitcoin might be the first indicator of an impending economic downturn. According to McGlone, the current behavior of some asset prices, such as gold hitting record highs, falling Treasury yields, and rising equity volatility, could point to early warning signs historically associated with major economic resets. He argues that Bitcoin, as a high-beta risk asset, tends to react quickly to changes in global risk sentiment, making it a potential early indicator of shifts in market conditions. McGlone highlights that if Bitcoin begins to experience a sharp decline, it may be a signal that market leverage is beginning to unwind. While McGlone’s view on Bitcoin has been consistently bearish in recent months, he compares the cryptocurrency’s current trajectory to patterns observed during past economic downturns, particularly around the 2007-2008 financial crisis. During that time, the Federal Reserve began easing rates, which ultimately led to a market crash. Similarly, McGlone believes that Bitcoin’s significant decline from its 2025 peaks may be indicative of deflationary pressures post-inflation. Also Read: XRP ETFs See Unstoppable Inflows as Institutional Demand Surges, Price Set to Skyrocket Bitcoin’s Role as a Risk Indicator McGlone has been increasingly cautious about Bitcoin’s future. His analysis suggests that the cryptocurrency’s sharp decline could lead it to revisit the $50,000 mark, or even potentially drop lower, reaching a worst-case scenario of $10,000. He attributes this potential downfall to broader deflationary pressures and a weakening global risk appetite. This prediction contrasts with the current performance of gold, which has shined in 2025, while Bitcoin, crude oil, and other risk assets have underperformed. Moreover, McGlone believes that Bitcoin is nearing the peak of a late-stage bull market, similar to the excesses seen during the dot-com era. He links the cryptocurrency’s maturation and the influx of exchange-traded fund (ETF) investments to the final stages of a market cycle. McGlone has also predicted that the S&P 500 could experience its third down year since 2008, with potential targets reaching 5,000 points. For Bitcoin, he anticipates the price could stabilize around $50,000 by 2026, if not lower. Despite McGlone’s generally bearish stance on Bitcoin, his ongoing bullish outlook on gold remains steadfast. The yellow metal has outperformed other risk assets this year, showing resilience as Bitcoin and other high-risk assets falter. McGlone’s predictions underscore his belief that market dynamics are shifting, and that Bitcoin could act as a key indicator of the broader economic environment in the near future. Also Read: Coinbase Partners with Karnataka to Revolutionize India’s Web3 Future The post Mike McGlone Suggests Bitcoin Could Signal Upcoming Recession appeared first on 36Crypto. Bitcoin’s decline could signal market leverage unwinding, McGlone warns. McGlone predicts Bitcoin’s price could dip to $10,000. Gold shines while Bitcoin and risk assets falter, McGlone says. Mike McGlone, the chief commodity strategist at Bloomberg Intelligence, has stated that Bitcoin might be the first indicator of an impending economic downturn. According to McGlone, the current behavior of some asset prices, such as gold hitting record highs, falling Treasury yields, and rising equity volatility, could point to early warning signs historically associated with major economic resets. He argues that Bitcoin, as a high-beta risk asset, tends to react quickly to changes in global risk sentiment, making it a potential early indicator of shifts in market conditions. McGlone highlights that if Bitcoin begins to experience a sharp decline, it may be a signal that market leverage is beginning to unwind. While McGlone’s view on Bitcoin has been consistently bearish in recent months, he compares the cryptocurrency’s current trajectory to patterns observed during past economic downturns, particularly around the 2007-2008 financial crisis. During that time, the Federal Reserve began easing rates, which ultimately led to a market crash. Similarly, McGlone believes that Bitcoin’s significant decline from its 2025 peaks may be indicative of deflationary pressures post-inflation. Also Read: XRP ETFs See Unstoppable Inflows as Institutional Demand Surges, Price Set to Skyrocket Bitcoin’s Role as a Risk Indicator McGlone has been increasingly cautious about Bitcoin’s future. His analysis suggests that the cryptocurrency’s sharp decline could lead it to revisit the $50,000 mark, or even potentially drop lower, reaching a worst-case scenario of $10,000. He attributes this potential downfall to broader deflationary pressures and a weakening global risk appetite. This prediction contrasts with the current performance of gold, which has shined in 2025, while Bitcoin, crude oil, and other risk assets have underperformed. Moreover, McGlone believes that Bitcoin is nearing the peak of a late-stage bull market, similar to the excesses seen during the dot-com era. He links the cryptocurrency’s maturation and the influx of exchange-traded fund (ETF) investments to the final stages of a market cycle. McGlone has also predicted that the S&P 500 could experience its third down year since 2008, with potential targets reaching 5,000 points. For Bitcoin, he anticipates the price could stabilize around $50,000 by 2026, if not lower. Despite McGlone’s generally bearish stance on Bitcoin, his ongoing bullish outlook on gold remains steadfast. The yellow metal has outperformed other risk assets this year, showing resilience as Bitcoin and other high-risk assets falter. McGlone’s predictions underscore his belief that market dynamics are shifting, and that Bitcoin could act as a key indicator of the broader economic environment in the near future. Also Read: Coinbase Partners with Karnataka to Revolutionize India’s Web3 Future The post Mike McGlone Suggests Bitcoin Could Signal Upcoming Recession appeared first on 36Crypto.