Mike McGlone: Bitcoin’s post-2020 gains could unwind; $50,000 in 2026, $10,000 risk

On 29 December 2025 at 10:15, a fresh bearish debate on Bitcoin drew attention. According to Mike McGlone's online post on December 28, 2025, the post-2020 rally was liquidity-driven, with $50,000 seen as a transition rather than safety and $10,000 cited as a possible anchor. He frames deflation risk as a key headwind for risk assets.