Mike Mcglone

Yeah, I agree.

You know, like I have this guy, I don't know if you know Mike McGlone, but I have a guy, Mike McGlone, he's on my channel every Monday for Macro Monday.

And he's the guy that like has become famous for now saying like Bitcoin goes to 10,000 and like the world ends, right? And he's everywhere.

He used to be a Bitcoin bull.

Here's who we got coming up on today's show.

Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence.

Mason Lynaugh, Executive Director of Stand with Crypto.

And Parker Lewis, Head of Business Development at ZapRite.

And I'm sure our next guest has something to say about it.

So let's go to him now.

Mike McGlone has spent more than 25 years in commodity and futures markets and is now the senior commodity strategist at Bloomberg Intelligence.

Good morning, Mike.

Here's who we got coming up tomorrow.

Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence.

Mason Leinaugh, Executive Director of Stand with Crypto.

And Parker Lewis, Head of Business Development at Zapparite.

But if those 10 stocks do crack, the hidden bear becomes the whole market's bear.

That's the scenario Bloomberg Intelligence's Mike McGlone is pointing at.

His chart says Bitcoin rolled over first, and he says it could fall towards $10,000, particularly if the US stock market suffers a 20% drawdown.

James Lavish's reply was, I respectfully and vehemently disagree.

Bitcoin going to $10,000? Well, according to Mr.

Mike McGlone, which if you guys will recall, Mike McGlone was the one on Scott Melker's podcast or whatever they do Mondays or whatever it was before.

I It was the one that Mike just kept interrupting Larry, and Larry just told him to F off and then abruptly got off the show, which went viral, which was amazing.

And that's why we love Larry, General Lepard.

We love some James Lavish.

Amazing, amazing guy.

I respectfully and vehemently disagree to Cointelegraph alert Bloomberg Intelligence strategist mike mcglone warns bitcoin could fall toward ten thousand dollars particularly if the u.s stock market suffers a twenty percent drawdown now the first thing to mention obviously is that bitcoin being as liquid it is trading 24 7 It has benefits, obviously, of trading 24-7, but also has the drawback in the sense of, of course, if the market goes down writ large, Bitcoin's going to sell off.

You're going to have people, you know, shorts blowing up.

I'm feeling slightly bullish." So he was right.

Mike McGlone also from Bloomberg Intelligence has been saying the same thing.

Um, I don't know if the bond yield has peaked.

I just talked to Christopher Mullen today, and he said this is a short-term correction on the yield.

I have to look into that.

Let's see.

Um, what about your conversation with Mike McGlone? Uh, w- w- what's his position on the oil market? What, what does he think it indicates?

It's gonna go down, he says.

And it's probably the biggest news because we had Macro Monday yesterday.

And McGlone was telling us that the next drop in the stock market was going to light the planet on fire with something like that.

And Andy Constant.

And so it was actually refreshing yesterday because we had Andy to argue with Dave instead of Mike.

You need to go look that up.

Nope.

I'm going to put that on my, as Michael McGlone says, my deliberately ignore list.

Yeah,

That's fine.

I don't know if you saw my McGlone image when he said he Mike McGlone this week said that Bitcoin's glory days were over.

And I quickly whipped up a Mike McGlone image of him as Bruce Springsteen.

OK, good.

But it did put his band in the crowd.