#机构加密资产配置 Bloomberg's warning is indeed quite intense—Bitcoin dropping from the current ten-something thousand to 50,000, and potentially halving to 10,000. It sounds like an apocalyptic scenario, but I’m not entirely dismissive of such extreme predictions; I just think we need to analyze them rationally.

McGlone's core logic is "increased competition"—Bitcoin faces competition from millions of other cryptocurrencies, while gold has only three main competitors. This comparison is a bit harsh, but it also exposes his blind spot: competition among crypto assets does not mean Bitcoin's decline; instead, it may indicate that this market is itself maturing. Institutional allocations are based on scarcity consensus, not quantity.

What’s more worth paying attention to is his forecast of a comprehensive decline by 2026—that’s the real area where due diligence is needed. If all asset classes truly decline together, the issue isn’t about which coin to choose, but whether to hold positions through 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 under bear market expectations 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.