Bitcoin’s Final Curtain? The Last Laugh Before the Recession

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Mike McGlone, a so-called “expert” at Bloomberg Intelligence, has the nerve to suggest that Bitcoin might be the first to cry out before the world crashes into the next economic abyss. 🎭

He points fingers at the usual suspects: gold reaching for the heavens, the Treasury yields doing the limbo under zero, and stocks jitterbugging faster than a squirrel on espresso. All signs, he claims, of some impending catastrophe-like the universe’s way of saying, “Brace yourselves.” 🌌

Bitcoin-oh, that wild, unpredictable coin-is always the star of the show when markets tremble. If it starts falling like a rock, brace for impact; that, dear reader, could be the market’s way of saying, “We’re unwinding, folks.” 💥

$10,000-or How to Wake Up and Smell the Crypto

Our prophet of gloom, McGlone, has been singing the doom song about Bitcoin for the past couple of months. According to him, the sharp nosedive from its peak in 2025 is a clear sign of post-inflation hangover-nothing joyous here, just the hangover from monetary excesses. 🍻

He compares this to 2007, when the Fed started easing, only to watch the markets implode faster than a soufflé in a furnace. The pattern’s familiar, he says, and Bitcoin’s tendency to revert to its mean is just the universe’s cruel joke. Maybe $50,000 is in the rearview mirror, and $10,000 could be the next stop, if the gods of chaos have their way. 🚗💨

Meanwhile, gold continues its stubborn shine, glowing brighter while Bitcoin, oil, and other risk assets play the fool. That yellow metal, resilient as ever, laughs in the face of chaos. 🥇

The Circus of Markets: Late-Stage or Just Entering the Big Top?

McGlone claims we are in the late stage of this crypto bull market, a time when everything is inflated beyond reason, like a balloon about to pop. His crystal ball shows the S&P 500 might stumble into its third annual decline since 2008, perhaps dropping to 5,000-if we’re lucky-or maybe just giving us a good scare. Meanwhile, he jokes that Bitcoin could dance its way up to $50,000 in 2026, or maybe just spiral down to something far less poetic. 🤡

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2025-12-05 20:40