Bloomberg strategist McGlone says the risk of Bitcoin and other assets rising sharply before falling back may persist through year-end
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AT A GLANCE
A Bloomberg analyst said that multiple assets, including Bitcoin, may continue to rise first and then fall through year-end.
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Bloomberg analyst: The risk of commodities “rising sharply before falling back” may persist through year-end, including Bitcoin
BlockBeats reported that October 23, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, wrote that 2026 since the beginning of the year, assets including U.S. natural gas, Bitcoin, gold, silver, platinum, palladium, lead, nickel, and iron ore have all exhibited a “rise-then-fall” trend, and this trend may spread further through year-end.
McGlone noted that the U.S. stock market needs to remain resilient to prevent the risk of a market decline from spreading further.
Original link https://m.theblockbeats.info/flash/373410
Key points
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Mike McGlone is a senior commodity strategist at Bloomberg Intelligence.
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He said that 2026 since the beginning of the year, assets including U.S. natural gas, Bitcoin, gold, silver, platinum, palladium, lead, nickel, and iron ore have all exhibited a rise-then-fall trend.
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He believes this trend may spread further through year-end.
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He noted that the U.S. stock market needs to remain resilient to prevent the risk of a market decline from spreading further.
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The above content was relayed by BlockBeats.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Rise then fall” refers to an asset price rising first and then falling back. The analyst believes this trend may continue through year-end and said that the performance of the U.S. stock market may affect whether the downside risk spreads.
Why it matters to readers
Bitcoin was listed among the assets that may continue to rise first and then fall. Investors may monitor its subsequent price performance and whether the U.S. stock market remains resilient.
This suggests that beginners should not focus only on the rising phase, but should also pay attention to the risk of price declines and overall market performance.
Risks and unknowns
The full text of Mike McGlone’s post was not provided in the original source.
The original source did not provide specific price data or declines for the relevant assets.
“Possible continuation” and “possible spread” are analyst judgments, not confirmed results.
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Rise then fall
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