ChainThink report, on December 29, Bloomberg Intelligence Senior Commodities Strategist Mike McGlone published a warning stating that Bitcoin's price could drop to $50,000 by 2026, and potentially fall another 90% to $10,000.

Mike McGlone stated, "Bitcoin was the first cryptocurrency launched in 2009. Now it faces millions of competing digital assets. In contrast, gold has only three competitors—silver, platinum, and palladium. He forecasts that by 2026, this primary precious metal will rise another 10%, trading above $5,000 per ounce."

Mike McGlone said 2026 will be a difficult year for all asset classes. The surge in gold prices relative to other assets "may signal a correction in the U.S. equity market in 2026, with crude oil, copper, silver, and all risk assets facing headwinds."