Is the ISM Losing Its Power — or Pointing to a 2026 Bitcoin Supercycle?

A fierce debate has broken out among macro analysts over the credibility of the ISM Manufacturing Purchasing Managers’ Index (PMI). Experts say this key economic metric is being overused to predict business cycles and Bitcoin market tops. The clash highlights a growing divide between traditional economic modeling and modern financial conditions-driven analysis, with ripple effects reaching deep into crypto market forecasting. ISM Debate Splits Macro Analysts as Crypto Traders Reassess the 2026 Bitcoin Peak CFA Julien Bittel, a macro strategist at Global Macro Investor (GMI), dismisses many of Wall Street’s go-to indicators as outdated or misinterpreted source: https://beincrypto.com/ism-pmi-predictive-power-bitcoin-cycle-extension/