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Bitcoin signals potential downturn for risk assets in 2026, Mike McGlone indicates

Bitcoin signals potential downturn for risk assets in 2026, Mike McGlone indicates
Bitcoin may signal risk asset decline

Mike McGlone highlights that Bitcoin has historically led risk assets both upward and downward. According to McGlone, a chart comparing Bitcoin and the S&P 500 (scaled by a factor of ten) suggests a potential decline in beta assets in 2026. He notes that annual declines in the S&P 500 have been rare, referencing this historical performance.

McGlone previously projected bitcoin could reach $98,000 alongside $120 crude oil and $5,500 gold by 2026, according to a recent forecast. He also pointed out TLT's record 10-year low against the U.S. Oil Fund in a separate market note. Both views reference his broader outlook on risk assets and commodities.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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