The well-known and respected Bloomberg Intelligence analyst, Mike McGlone, has urged Bitcoin investors to ditch the buy-and-hold strategy for 2026. Moreover, he suggests selling altcoins and even accumulated BTC on every market bounce.
Previously, Mike McGlone was a staunch long-term Bitcoin bull. However, gold's steady rise amid the falling crypto market in 2025 convinced him otherwise. Digital assets are no longer seen by investors as an alternative to the traditional financial system.
In Mike McGlone's view, the influx of institutional investment has stripped Bitcoin of its independence. Instead of being a unique hedging tool, it's become a weather vane for macroeconomic factors, now less resilient to bad news than even the stock market.
That's why the current gold rally is doubly dangerous for Bitcoin. According to him, when the "ordinary metal" starts outperforming everything else, it points to systemic risk. Soon, the crypto and stock markets could face a massive correction.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments