Bitcoin to $10,000? Bloomberg Strategist Warns of Major Collapse | Mike McGlone

About this episode

Mike McGlone discusses the potential collapse of Bitcoin and the gold market in a broader macroeconomic context.

Michelle Makori, President & Editor-in-Chief, Miles Franklin Media, interviews Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence. Has gold already peaked? McGlone makes one of his most controversial calls yet: the gold bull market may already be over. He argues that gold, silver, and even Bitcoin have likely topped following a historic run and warns that markets may now be entering a prolonged period of mean reversion. He outlines why he sees gold falling toward $3,000, silver dropping to $50, and Bitcoin potentially plunging to $10,000. The conversation expands beyond metals into a broader macro warning, with McGlone calling for a potential 50% drawdown in equities and a deflationary reset driven by an energy shock and global recession. In this episode of The Real Story: - Has gold already peaked? - $3K gold: realistic or extreme? - Silver outlook: why $50 could be next - Bitcoin’s path to $10,000 - Are we at an “everything top”? - Stock market crash risks (50% drawdown scenario) - Deflation vs inflation: what comes next - Energy shock and global recession risks - De-dollarization vs dollar dominance debate - Where investors can hide if everything falls…

People in this episode

Host: Michelle Makori

Guest: Mike McGlone

Topics covered

• Bitcoin
• gold market
• silver outlook
• equities
• deflation
• global recession
• de-dollarization

Keywords

• Bitcoin
• gold
• silver
• market collapse
• deflation
• equities
• energy shock
• recession

Mentioned in this episode

Organizations: Bloomberg Intelligence, Miles Franklin Media

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