Bloomberg commodity strategist Mike McGlone changes his long-term outlook on Bitcoin and the broader crypto market, advising investors to “sell the rallies” in 2026. He believes Bitcoin has shifted from a scarce asset to part of a crowded ecosystem, correlating with equities and vulnerable to market forces. McGlone warns of excessive speculation, ETF approvals, and low volatility as signs of a market peak, indicating a shift in Bitcoin’s role from a system hedge to an integrated asset. He expresses concerns over stocks, commodities, and precious metals, highlighting gold’s rally as a potential signal of instability. McGlone suggests paying attention when unconventional assets like “the stupid rock” outperform traditional investments. For more insights, watch the full interview on Cointelegraph’s YouTube channel.

Read more at Cointelegraph: ‘Bitcoin Trade Is Over,’ Bloomberg Strategist Says In 2026 Macro Outlook