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Bloomberg Strategist: After Bitcoin's big rally last year, it pulled back; commodities like crude oil may face similar risks this year
ME News, April 13 (UTC+8): Bloomberg senior commodities strategist Mike McGlone posted on the X platform that after Bitcoin surged significantly in 2025, it has since seen a sharp pullback. At present, silver, gold, copper, natural gas, and the most critical crude oil may enter the “up-too-much” (overheated) range before the end of 2026 and face similar pullback risks. Typically, assets that rise rapidly have fundamental support, but they also encourage increased supply and suppress demand, ultimately leading to a price reversal—crude oil’s rapid surge in particular is often “destructive,” and has repeatedly triggered chain reactions in markets or the economy historically. (Source: ODAILY)