In the shadow of hubris, where man’s greed outpaces his wisdom, the ghost of 2008 stirs anew. Mike McGlone, that modern-day Cassandra of Bloomberg Intelligence, whispers of a coming tempest-2026’s “hurricane”-as stretched valuations, crypto’s sputtering flame, and deflationary winds conspire to rewrite the script of excess. 🌪️
McGlone: Crypto-A Mirror to Humanity’s Folly
McGlone, in a The David Lin Report confessional, painted a world where U.S. equities, bitcoin, and commodities dance on the edge of a late-cycle precipice. “A hurricane,” he declared, “is not a metaphor-it is a reckoning.” His vision? Bitcoin, that digital tulip, plunging from $50,000 to $10,000-a journey from gilded promise to ash. 🤡
“The crypto carnival,” he intoned, “has already burned its tents. 2024 and 2025, with their ETF euphoria and Trumpian fireworks, were not triumphs but premonitions. The last rider fell off the carousel, and the music stopped.”
Correlations, once thought sacred, now bind bitcoin to equities like a noose. “They are all correlated,” he sighed, “like prisoners in the same dungeon. Bitcoin, once a savior, now trades as a leveraged fool’s errand.”
“All the signs are there for me,” he mused, as if channeling the spirits of failed empires.
Gold, too, faces its reckoning. “Overstretched,” McGlone muttered, “like a tyrant’s decree. Its $5,000 peak? A mirage for the desperate. Run from it like a witch hunt-unless you crave a cold bath of regret.” 💍
Monetary policy, that grand illusion, masks deflation’s quiet march. “The Fed’s Treasury purchases,” he scoffed, “are not salvation but a child’s game of hide-and-seek with reality. Energy prices? They weep for China’s slowdown. Crude oil’s descent? A requiem for the 21st century.”
Yet, in this wasteland, U.S. Treasurys gleam as “a beacon for the sane.” “Bonds,” he advised, “are your umbrella in the storm. Carry it. Pray it holds.”
Volatility, that old jester, remains comically absent. “Complacency,” he warned, “is the final act of hubris. The trigger? Already cocked. The move? Sell. Sell. Sell.”
FAQ 🌀
- What is Mike McGlone warning about for 2026?
He sees a market correction not as a possibility but a certainty-a collision of hubris and physics. 🌊
- What is McGlone’s bitcoin price outlook?
A descent from $50,000 to $10,000? Not a prediction. A mercy killing. 🚀➡️⚰️
- Is McGlone bullish on gold?
A long-term believer, yes-but warns its current price is a golden goose with a broken leg. 🦢
- What asset does McGlone favor right now?
U.S. Treasurys, because even in chaos, someone must hold the flashlight. 🔦
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2025-12-19 02:39