Türkçe
Español
Senior commodity strategist Mike McGlone from Bloomberg has warned of an impending major correction in the U.S. markets that could affect a wide array of asset classes, from stocks and cryptocurrencies to oil and bonds. Highlighting that current economic indicators have reached levels that historically precede significant downturns, McGlone sees this as a strong warning signal for market participants. He particularly notes that the S&P 500, gold, and GDP ratios, along with Bitcoin 
$103,850, may face severe declines.
Economic Indicators Sound the Alarm
In his analysis, McGlone emphasizes that market rates have reached historical peaks, similar to those seen during the Great Depression of the 1930s, the early 2000s dot-com bubble, and the 2008 global financial crisis. Notably, the S&P 500 has reached unusually high values relative to both GDP and gold prices, indicating an “abnormal” market structure. Investors are reminded to closely monitor these ratios, as they have been evident during past crisis periods.
According to McGlone, if the natural balancing process of the markets falters and current inflation or austerity measures prove insufficient, stock indices in the U.S. may experience declines of up to 50%. Additionally, oil prices might drop to around $40, copper to $3, and ten-year bond yields could fall to 3%. In this scenario, Bitcoin’s price is projected to potentially drop to $10,000, while gold may remain more stable compared to other asset classes.
Warning Time for Cryptocurrency Investors
According to McGlone, riskier assets like Bitcoin are highly susceptible to such corrections. Currently trading above $87,000, Bitcoin could face significant pullbacks due to fractures in the overall economic structure. Past examples indicate that the increasing correlation between the cryptocurrency market and traditional markets becomes more pronounced in such scenarios.
Simultaneous losses across multiple asset classes pose serious risks for diversified investors. Therefore, experts advise investors to pay close attention not only to price movements but also to unusual market structuring. Reevaluating risk management strategies and making investment decisions based on a broader perspective rather than short-term reactions is becoming increasingly essential.
