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Bitcoin and key commodities may rise then fall in 2026, warns strategist Mike McGlone.

Market News
23 Oct 2026
Tokenpost
View Source
Bearish
Bitcoin and key commodities may rise then fall in 2026, warns strategist Mike McGlone.

Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, warned that several assets including Bitcoin, U.S. natural gas, gold, silver, and various metals could follow a pattern of rising and then retreating in 2026. He emphasized that the resilience of U.S. stocks will be crucial to prevent downside risks from spreading across markets. McGlone's outlook suggests that weakness in Bitcoin might also impact stocks and metals, signaling potential volatility ahead for investors.

Bitcoin's market cap stands at Rp29.321,57 trillion as of Oct 24, 2026, 08:01 WIB, with a 24-hour trading volume of Rp420,6 trillion on Pluang. The price of Bitcoin is Rp1.456.741.373, down 0.96% in the last day, while order activity shows 64% buying interest. This data highlights ongoing investor engagement despite recent price softness, aligning with concerns about potential volatility in Bitcoin and related markets.

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