Hello everyone,
Today I’m sharing an important market opinion from Bloomberg Intelligence strategist Mike McGlone, who has turned bearish on Bitcoin and the broader crypto market heading into 2026.
Let’s break it down in simple words.
McGlone Says Investors Should “Sell the Rallies” in 2026
According to McGlone, the market environment has changed.
He believes that in 2026, investors should be more cautious and focus on selling rallies across risk assets including crypto.
His view is that Bitcoin is no longer behaving like a unique hedge, but more like a speculative asset tied closely to the stock market.
Bitcoin Has Become Part of the System
McGlone explained that Bitcoin started as a scarce and disruptive alternative to traditional finance.
But now, it has become part of a crowded and highly speculative ecosystem.
Instead of moving independently, Bitcoin is increasingly correlated with equities and vulnerable to the same macro pressures affecting traditional markets.
In his words, Bitcoin has gone from being “outside the system” to being firmly inside it and that changes the entire story.
Warning Signs: Speculation, ETFs, and Low Volatility
He also pointed to several warning signals:
Excessive speculation across markets
Approval of Bitcoin ETFs
Historically low volatility, which often appears near major market peaks
McGlone suggests these are signs of overheating rather than strength.
Broader Macro Concerns Beyond Crypto. This outlook is not just about Bitcoin.
McGlone also shared concerns about stocks, commodities, and precious metals.
He noted that gold’s explosive rally may not be a sign of confidence, but a signal of deeper instability in global markets.
He said when gold “the stupid rock” starts outperforming everything else, investors should pay attention.
McGlone’s message is clear: the macro environment in 2026 could be very different, and risk assets may face pressure.
Whether you agree or not, this is an important perspective to watch as markets evolve.
Stay informed, manage risk, and don’t ignore macro signals.
Not financial advice.
