[Bloomberg Analyst Predicts Bitcoin May Drop to $50,000 by 2026] Bloomberg Intelligence Senior Commodity Strategist Mike McGlone predicts that Bitcoin's price will drop to $50,000 by 2026, and it could even decline further by 90% to $10,000. He pointed out that Bitcoin faces competition from millions of digital assets, whereas gold has only three competitors: silver, platinum, and palladium. He expects gold prices to rise by 10% by 2026, surpassing $5,000 per ounce, and believes that all asset classes will face headwinds in 2026. The U.S. stock market may see a correction, and risk assets such as crude oil, copper, and silver could also be affected.