Mike McGlone, chief commodities strategist at Bloomberg Intelligence, has emphasized the importance of Bitcoin staying above the $100,000 level. He believes that the recent surge in Bitcoin's price was driven by Trump's election victory and that the crypto community now expects the price to continue rising. If Bitcoin were to decline below $100,000, it could signal a bubble peak and negative impacts on other assets. McGlone also suggests that a Bitcoin decline could lead to a downturn in the stock market and investors turning to gold as a store of value.



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