Strategist warns Bitcoin could crash to $50,000 on this date

Bloomberg Intelligence’s senior commodity strategist Mike McGlone has warned that Bitcoin’s (BTC) recent underperformance could deepen in the coming months, potentially sending the cryptocurrency tumbling toward $50,000. McGlone noted that Bitcoin has lagged behind the S&P 500 Total Return Index in 2025, rising only 13% compared to the stock index’s 17% gain through November 10. This weakness, he explained, comes despite strong ETF inflows and Bitcoin’s typically higher volatility, suggesting that the cryptocurrency’s bull market may be running out of steam, according to an X post shared on November 11. Notably, Bloomberg Intelligence data supports McGlone’s warning, showing Bitcoin’s yearly candle still positive but losing momentum as it approaches the end of 2025 source: https://finbold.com/strategist-warns-bitcoin-could-crash-to-50000-on-this-date/