Mike McGlone's insights underscore the inherent risks associated with Bitcoin as an investment asset, particularly during economic downturns. He pointed out that the trading volume of stablecoins like USDT often surpasses that of Bitcoin, highlighting a preference among investors for assets with lower volatility. Stablecoins, backed by government bonds and pegged to the US dollar, offer a level of stability that Bitcoin, with its significant price fluctuations, cannot match.