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    Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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$100,000 Bitcoin to Lose a Zero? Bloomberg’s McGlone Predicts Major Crash in Risk Assets

Story Highlights
  • Bitcoin price plunges 8.5%, hitting $77,470 amid growing market uncertainty and investor fears.

  • Bloomberg expert McGlone favors U.S. Treasury bonds, aligning with Buffett over Bitcoin advocate Saylor.

  • McGlone says Bitcoinโ€™s rise mirrors Nasdaqโ€™s 2000 peak, raising concerns about a potential downturn.

Bloombergโ€™s senior commodity strategist, Mike McGlone, is back with another bold market takeโ€”and it’s turning heads. After previously warning that Bitcoin could โ€œlose a zero,โ€ heโ€™s now shifting focus to gold, hinting that it might soon outshine both stocks and crypto.

Whatโ€™s behind this sudden shift? And why is one of Wall Streetโ€™s top voices choosing caution over hype? McGloneโ€™s latest analysis dives into what he sees as a brewing shake-up in global marketsโ€”and what investors may be getting very wrong right now.

Letโ€™s break down what he’s seeingโ€”and what it could mean for where the smart money goes next.

Gold Gaining Edge Over Risky Assets

McGloneโ€™s latest analysis comes just as Bitcoin, the worldโ€™s largest cryptocurrency, drops 8.5% to $77,470. With market conditions changing quickly, he questions whether investors are choosing the right assetsโ€”or placing their bets on the wrong ones at the worst time.

According to McGlone, we could be seeing a major change in how assets are valued. He believes that risky assets like stocks and cryptocurrencies may be overdue for a correction after staying overvalued for too long.

At the same time, safer options like gold and U.S. Treasury bonds are becoming more attractive, especially to cautious investors looking for more stability.

Let’s Compare: Gold vs. Stocks

To support his view, McGlone includes a chart showing how gold has performed against the S&P 500 over time. Historically, the gold-to-stocks ratio tends to rise during uncertain economic periodsโ€”reminding investors of goldโ€™s role as a reliable safe-haven asset.

Right now, the data suggests gold might be setting up for another strong run, possibly outperforming stocks soon.

Saylor vs. Buffett: What Is the Better Investment Strategy?

McGlone also compares the very different strategies of two major financial figures: Michael Saylor and Warren Buffett. Saylor is a strong supporter of Bitcoin and has made big investments in the cryptocurrency. Buffett, on the other hand, continues to back U.S. Treasury bonds.

McGlone sides with Buffett here, calling bonds a more stable and smart investment choice in todayโ€™s uncertain market.

Bitcoinโ€™s Bubble? McGlone Sees a Familiar Pattern

This isnโ€™t McGloneโ€™s first warning about Bitcoin. He has previously predicted it might โ€œlose a zero,โ€ referring to a massive price drop. He compares Bitcoinโ€™s recent surge to the Nasdaqโ€™s rise before the dot-com crash in 2000, when it hit 5,000 before collapsing.

Bitcoin, he says, was created after the 2008 financial crisisโ€”but now that it recently touched $100,000 before falling back, McGlone believes the market could be peaking again, raising the possibility of another downturn ahead.

As investors chase trends, McGloneโ€™s message is simple: sometimes the old roads lead to the safest places.

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