Mike McGlone: Bitcoin faces risk of second consecutive down year in 2026

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Bitcoin may face another down year

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Mikhail Vnuchkov

09.10.2026

Mike McGlone: Bitcoin faces risk of second consecutive down year in 2026 — Bitcoin may face another down year

Mike McGlone highlights that Bitcoin may be headed for its first-ever second consecutive down year in 2026.

He suggests this trend could be an early warning for risk assets, especially given current high yields. McGlone raises the question of whether this presents a buying opportunity in a highly volatile and stock-market-correlated environment for the first major cryptocurrency.

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McGlone has previously discussed how central bank rate hikes responding to rising energy prices could result in post-inflation deflation in metals markets. He has also suggested that platinum may face ongoing pressure, especially if gold does not sustain its 2025 rally, referencing its 2008 peak near $2,300 an ounce. These observations come as he continues to monitor asset class trends.

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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