Cointelegraph: Bitcoin to $50K? Bloomberg’s Mike McGlone Says "the Trade Is Over"


📝 Quick Summary

Source: Youtube Coin Telegraph

Type: Video

Published: January 23, 2026 at 03:46 PM (about 3 hours ago)

Topics: BITCOIN

Video Description

In this interview, Mike McGlone explains why he believes “the Bitcoin trade is over” and shares his macro outlook for 2026. Once a long-time Bitcoin bull, he outlines what changed — from speculative excess and rising equity correlations to warning signals from volatility and commodities. A sharp, contrarian take on where markets may be heading next.

00:00 – Intro: Bitcoin to $10,000 & 2008 Parallels
00:50 – Revisiting the $10,000 Bitcoin Call
04:00 – Why McGlone Changed His Long-Term Bitcoin View
08:55 – Does Bitcoin Still Work as Digital Gold?
10:15 – Why Gold Is Outperforming Bitcoin
13:20 – Will Election-Year Liquidity Boost Crypto?
18:12 – 2026 Outlook: Bear Market & “Sell the Rallies”
18:56 – Outro

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