$100,000 Bitcoin to Lose a Zero? Bloomberg’s McGlone Predicts Major Crash in Risk Assets

Bloomberg’s senior commodity strategist, Mike McGlone, is back with another bold market take—and it’s turning heads. After previously warning that Bitcoin could “lose a zero,” he’s now shifting focus to gold, hinting that it might soon outshine both stocks and crypto.

What’s behind this sudden shift? And why is one of Wall Street’s top voices choosing caution over hype? McGlone’s latest analysis dives into what he sees as a brewing shake-up in global markets—and what investors may be getting very wrong right now.

Let’s break down what he’s seeing—and what it could mean for where the smart money goes next.

Gold Gaining Edge Over Risky Assets

McGlone’s latest analysis comes just as Bitcoin, the world’s largest cryptocurrency, drops 8.5% to $77,470. With market conditions changing quickly, he questions whether investors are choosing the right assets—or placing their bets on the wrong ones at the worst time.

According to McGlone, we could be seeing a major change in how assets are valued. He believes that risky assets like stocks and cryptocurrencies may be overdue for a correction after staying overvalued for too long.

At the same time, safer options like gold and U.S. Treasury bonds are becoming more attractive, especially to cautious investors looking for more stability.

Let’s Compare: Gold vs. Stocks

To support his view, McGlone includes a chart showing how gold has performed against the S&P 500 over time. Historically, the gold-to-stocks ratio tends to rise during uncertain economic periods—reminding investors of gold’s role as a reliable safe-haven asset.

Right now, the data suggests gold might be setting up for another strong run, possibly outperforming stocks soon.

Saylor vs. Buffett: What Is the Better Investment Strategy?

McGlone also compares the very different strategies of two major financial figures: Michael Saylor and Warren Buffett. Saylor is a strong supporter of Bitcoin and has made big investments in the cryptocurrency. Buffett, on the other hand, continues to back U.S. Treasury bonds.

McGlone sides with Buffett here, calling bonds a more stable and smart investment choice in today’s uncertain market.

Bitcoin’s Bubble? McGlone Sees a Familiar Pattern

This isn’t McGlone’s first warning about Bitcoin. He has previously predicted it might “lose a zero,” referring to a massive price drop. He compares Bitcoin’s recent surge to the Nasdaq’s rise before the dot-com crash in 2000, when it hit 5,000 before collapsing.

Bitcoin, he says, was created after the 2008 financial crisis—but now that it recently touched $100,000 before falling back, McGlone believes the market could be peaking again, raising the possibility of another downturn ahead.

As investors chase trends, McGlone’s message is simple: sometimes the old roads lead to the safest places.