$BNB Mike McGlone, Chief Commodity Strategist at Bloomberg Intelligence, shared his opinion on social media regarding the forecasts that the markets are likely to face later this year, as the leading cryptocurrencies, Bitcoin and Ethereum, continue to decline sharply.

McGlone noted that the current decline of Bitcoin and Ethereum indicates a negative year that risky assets in the United States may experience.

McGlone expects a decline in the U.S. stock market and risky assets.

McGlone tweeted that Bitcoin's drop below $80,000 and Ethereum's drop below the $2,000 mark could indicate the emergence of "mutual weakness in the performance of historically high-risk U.S. assets."

McGlone anticipates "a return of commodity prices generally to their lowest levels in decades compared to the U.S. stock market." He added that the stock market reached the end of 2024 "at its highest level ever compared to the rest of the world’s markets," given its high value. As McGlone believes that cryptocurrencies and U.S. stocks move in tandem, ...$BNB