[Bloomberg Senior Analyst: Bitcoin Faces Risk of Dropping to $50,000 in 2026] BlockBeats News, November 24, Wall Street analysts have warned that Bitcoin's price may face a 40% plunge to $50,000 in 2026. Bloomberg Intelligence Senior Commodity Strategist Mike McGlone stated on LinkedIn that he expects the price of this leading cryptocurrency to drop 60% from its all-time high of $126,000 by next year. 'Will Bitcoin drop to $50,000 or rise to $150,000 in 2026? My judgment leans toward $50,000,' McGlone said, 'especially if the S&P 500 Index experiences its third down year since 2008.' His argument is based on the combination of soaring gold prices, declining oil prices, and stock market volatility, which will drive investors to avoid high-risk assets like Bitcoin.