Top CEOs Warn of Overvalued Markets as Bitcoin Weakens Against S&P 500 | US Crypto News
Summary
Leading figures from Wall Street, including CEOs from Goldman Sachs, Morgan Stanley, and Citadel, are warning that equity markets are currently at "full, not cheap" valuations, anticipating a healthy 10% to 15% correction over the next one to two years. Capital Group CEO Mike Gitlin noted the S&P 500 trades at 23 times forward earnings, above its five-year average. Concurrently, the crypto market mirrors this macro caution, with Bitcoin showing weakness relative to the S&P 500 (BTC/SPX), falling below the 50-week simple moving average, which historically signals late-cycle behavior. Analyst Brett suggested this could foreshadow a risk-off rotation, similar to past cycles where Bitcoin peaked before the S&P 500 entered a prolonged consolidation phase. Bitwise CEO Hunter Horsley, however, suggested that much of the expected 2026 downside risk might already have been pulled forward.
(Source:BeInCrypto)