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Bloomberg senior analyst: Bitcoin faces the risk of falling to $50,000 in 2026.
On November 24, Wall Street analysts warned that Bitcoin prices could face a big dump of 40% to $50,000 by 2026. Bloomberg's senior commodity strategist Mike McGlone stated on LinkedIn that he expects the price of this leading crypto asset to fall 60% from the historical high of $126,000 by next year. “Will Bitcoin fall to $50,000 or rise to $150,000 in 2026? My judgment leans towards $50,000,” McGlone said, “especially if the S&P 500 index experiences its third down year since 2008.” His argument is based on the combination of soaring gold prices, falling oil, and stock market fluctuations, which will prompt investors to avoid high-risk assets like Bitcoin.