Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, is drawing a tough line beneath Bitcoin’s 2026 outlook, arguing that January’s surge towards the $90,000 space might already symbolize this 12 months’s ceiling if broader market stress returns.
In a Feb. 23 publish on X, Senior Bloomberg Strategist Mike McGlone concluded a sequence of public notes revealed over the past 5 days. Of particular significance is McGlone’s framing for Bitcoin because the “tip of the risk-asset iceberg,” not an remoted digital asset story, and the belief that elevated ranges of Bitcoin may grow to be “doubtlessly prudent shorts,” significantly across the $90,000 BTC open in 2026.
Bitcoin braces for “imply reversion” to $10,000
McGlone has reiterated his controversial thesis, which earned him the “McGloom” nickname in crypto circles, that the flagship cryptocurrency may revisit $10,000 in a “regular reversion” state of affairs.
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Nonetheless, he factors to prepandemic buying and selling concentrations as a statistical anchor. Moreover, McGlone has recognized the $28,000 to $66,000 vary as a imply or modal zone derived from post-2023 worth conduct.
It’s Bitcoin’s incapacity to carry the mid-$70,000 area or break decisively under $64,000, for the professional, that will strengthen the case that crypto is main threat belongings decrease. This, McGlone says, may result in a reverse wealth impact, the place falling digital asset valuations stress equities, industrial metals and even treasury yields.
In his view, January highs throughout Bitcoin, gold, silver and bond yields might mark synchronized 2026 peaks if financial information deteriorates.
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Whereas critics push again on the $10,000 BTC projection, McGlone has not withdrawn it. As a substitute, he positions it as an outer-bound state of affairs inside a broader mean-reversion thesis.
His message for 2026 stays constant: Bitcoin’s trajectory will seemingly mirror, and doubtlessly enlarge, broader macroeconomic traits, fairly than defy them.