Bloomberg analyst indicates the risk of Bitcoin correction to $50 000

OnchainDetectiveBing · 2026-01-13T08:30:02+00:00

Mike McGlone from Bloomberg highlights a potential threat to Bitcoin's value, suggesting it is currently overvalued relative to gold. His analysis indicates a fair value ratio of 13:1, while the current ratio stands at 20:1. A significant correction to around $50,000 is forecasted, reflecting increased risk for volatile assets in changing market conditions.

OnchainDetectiveBing

2026-01-13 08:30:02

Abstract generation in progress

Mike McGlone, a leading commodity sector expert at Bloomberg, has identified a potential threat to the value of Bitcoin and volatile assets in the current market. According to Bloomberg’s analytical platform, the fair value of Bitcoin should be approximately in a 13:1 ratio to the price of gold, whereas today this ratio is around 20:1.

What Oversight Models Say

The current Bitcoin-to-gold price ratio indicates that Bitcoin is overvalued relative to historical norms. Applying a fair value model, Bitcoin could face downward pressure toward the $50,000 mark — which would mean a significant correction from the current levels of around $92,000.

Context for Traders and Investors

Mike McGlone’s warning is based on historical analysis and macroeconomic indicators. Such conclusions suggest that risky assets, including cryptocurrencies, may be overvalued amid changing financial conditions. Despite recent gains, Bloomberg’s forecast suggests that Bitcoin may require a substantial correction to reach a balanced valuation relative to traditional safe-haven assets.

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