$BTC #机构加密资产配置 Bloomberg's warning is indeed quite alarming—Bitcoin could drop from the current ten-something thousand to 50,000, and there's even a possibility of a 90% plunge to 10,000. It sounds like doomsday, but I don't entirely dismiss these extreme predictions; I just think they need to be rationally dissected.

McGlone's core logic is "increased competition"—Bitcoin faces competition from millions of other crypto assets, while gold has only three main rivals. This comparison is a bit harsh, but it also exposes his blind spot: competition among crypto assets doesn't mean Bitcoin is declining; instead, it might indicate that this market is itself maturing. Institutional allocations are based on scarce consensus, not quantity.
What’s more worth paying attention to is his forecast of a comprehensive decline by 2026—that's the real area to do homework on. If all asset classes truly fall together, the issue isn't about which coin to choose, but whether to hold positions to weather this cycle. From a copy-trading perspective, such macro warnings are actually a test of a trader's risk management skills during uncertain times. Those who can precisely control drawdowns and stick to their strategy framework in a bear market expectation are the ones worth following long-term.
My current approach is to reduce the proportion of aggressive strategies in copy trading and shift toward defensive traders. This isn't cowardice; it's rational allocation in the face of uncertainty.