Bloomberg's Senior Commodities Strategist Mike McGlone has highlighted potential risks for Bitcoin as it rallies above $90,000. Speaking at a recent panel, McGlone compared Bitcoin's surge to the S&P 500's movements, suggesting that a correction in the stock market could negatively impact Bitcoin, which he described as a 'risk-on' asset. He emphasized that gold remains a safer investment due to ongoing central bank support, advising caution amid the growing optimism surrounding Bitcoin's recent performance.