'Gold is not a store of value anymore' — Mike McGlone predicts a 2008-like setup
14.03.2026
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As the conflict involving Iran drags on and global energy supplies risk prolonged disruption, most financial assets are likely to behave like risk assets, according to Bloomberg Intelligence strategist Mike McGlone in a recent interview with Cointelegraph.
Bloomberg Strategist Warns: 2008 Vibes Are Back
Mike McGlone from Bloomberg Intelligence just dropped a bombshell: global markets are flashing 2008 crisis signals. With the Iran conflict dragging on and energy supplies at risk, he says most assets are about to act like pure risk plays.
Here's the wild part: commodities are swinging hard, but stock market volatility is still chilling. McGlone calls this unsustainable — historically, this imbalance resolves with equities catching up, usually during a major correction.
Right now, 180-day volatility on gold is almost 2.5 times that of the S&P 500. So it's no longer a store of value.
Gold's safe-haven status? Dead. Its volatility is blowing past the S&P 500, making it just another risky asset.
McGlone also points to Bitcoin and crypto as leading indicators. The Bloomberg Galaxy Crypto Index is already down big from its peak — a potential early warning for traditional markets.
The macro setup is looking eerily similar to pre-2008: energy prices spiked before crashing during the global slowdown. McGlone breaks down oil prices, interest rates, and US Treasuries — which he still sees as a potential winner if volatility spikes and growth slows.
Big questions: Could this oil shock trigger a full market correction? What does it mean for Bitcoin, stocks, and the global economy? McGlone's full interview dives deep into his macro outlook and predictions.
Watch the full interview with Mike McGlone for the complete breakdown.
#Geopolitical Impact on Cryptocurrency#Cryptocurrency Volatility#Macroeconomic factors#Cryptocurrency market#Market Correction
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