Bitcoin Bull Run may not be sustainable, and an expert warns star-news.press/wp

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Connor Sevetton

Feature writer

Connor Sevetton

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Connor Cefton is a London -based journalist, and also works in Sky News and BBC as a radio news and online reporter. Since 2018, encryption has covered a report from the main conferences …

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Elena Bozkova

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Elena Bozkova

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Elena is the bullet features on Cryptonews.com. With a master’s degree in scientific journalism from City University, London, it is excited to explore complex themes in the world of technology.

Last update:

August 27, 2025

Bloomberg’s higher -alarming analyst occupies the unusual bull of Bitcoin – and it suggests that it may not be sustainable.

The long Mike McGlone was one of the most optimistic sounds in the encryption space, and he expected with confidence that BTC would reach $ 100,000 before it happened.

He truly argues that Donald Trump has played an effective role in obtaining the largest encrypted currency in the world in the lands of six numbers-not the least of which is because of his many pro-BTC policies on the campaign’s path.

But when examining how Bitcoin performs for other classes for the past 12 months, it has reached an uncomfortable conclusion: the revenues have been healthier for gold. McGlone Books:

“Since December 6, Bitcoin’s gains are almost 10 % with an increase of 28 % of gold and 7 % for S&P 500 devices. It was born from the financial crisis, and cryptocurrencies have led an unprecedented superiority for the US risk assets that may now reach a turning point.”

Bloomberg Intelligence news experts view that we may be present to reach “Peak Bubble” – which led to comparisons with great depression in 1929, or the collapse of the great stock market that rose the Japanese economy in 1989.

However, some bitcoin coin will be arranged in MCGLONE analysis. In a recent search note I saw CryptonewsHe argues that BTC now has more than 20 million competitors in the encryption space. Maxis was shooting without hesitation, saying that altcoins is completely unparalleled.

However, there are other data points that cause anxiety here – including the extent of Bitcoin’s association with S&P 500 over the past 48 months, which have been close to standard levels. Moreover, McGlone refers to plans that show the total S&P 500 revenues that have only ended in negative lands twice since 2008, indicating that there may be a high degree of contentment among merchants.

“The standard Bitcoin digital ratio to gold has been a leading indication, but it is backward in 2025. Is it a sign of the late decline in the origins of risk?”

When reading between the lines, the McGlone reached a blatant conclusion: the performance of the S&P 500 from now to the end of the year can keep the Bitcoin key – and determine whether the current run will continue.

“Our view is that the S&P 500 should maintain its gains, or otherwise. It would oppose the experimental version of consensus and can raise a large trade in the American treasury, against the background of the specified gold.”

So … how analysts currently feel this main index? Well, a degree of climb remains in the last four months of 2025. With the rise of companies’ expectations in the S&P 500, which exceeds profit expectations during the results during the month of August, the likes of UBS rose to 6600 points. Other banks have done the same thing – there is no doubt that the possibility of reducing the federal reserve is interest rates next month.

Elsewhere, McGlone also looks a warning about the strategy – under the pretext that “Crypto Dominos can stumble” if the share price of this high -benefit company continues to decline.

“The price of the software company-which has now become the largest company in the world in Bitcoin-has decreased to a more severe discount to the moving average for 200 days since 2023. Is it another decline in purchase?

The analyst also believes that it is “likely” that Bitcoin will reconsider the support of $ 100,000 at some point-on the occasion of a 20 % decrease of its highest levels ever. All traditional definitions will indicate the bear market at this stage, but BTC has a busy record of reversal from corrections that flip the stomach like this.

You can say that McGlone is a strange thing here. Many other analysts are still quietly optimistic that BTC still has an operating room-with some summit up to about $ 180,000 later in the year.

But with a concrete cocktail of Donald Trump’s tariff, it continued to urge its effect on inflation, a 62 % jump of current levels is not guaranteed.

Polymarket betrayals have expressed their confidence that there will be another highest ever in 2025-but they mitigate their bets. Only 59 % currently believe that BTC will leave $ 130,000 before the end of the year, compared to approximately 85 % just two weeks ago. Whatever the New Year’s Eve, do not make mistakes: there will be winners and losers.