Bloomberg strategist Mike McGlone: By 2026, Bitcoin may continue to underperform precious metals, and cryptocurrencies may lose key support levels
Bloomberg senior strategist Mike McGlone warns that cryptocurrencies have broken below key support levels relative to precious metals, indicating a continued decline into 2026 and suggesting that traditional hard assets like gold will be more resilient. He analyzes that the crypto market has recently overextended, reminding investors to reassess asset allocation and closely monitor market volatility.
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