Bloomberg Analyst Makes Alarming Prediction for Bitcoin: $10,000—He Explained the Condition

Mike McGlone, senior commodities strategist at Bloomberg Intelligence, suggested that a sharp correction in US stock markets could drag the price of Bitcoin (BTC) down to $10,000. However, crypto analyst Darkfost countered this prediction, stating that the scenario does not align with historical data. McGlone stated in his assessment that if US stock markets were to fall by 20 percent, Bitcoin could drop to the $10,000 level. The strategist, recalling that Bitcoin has led the rise in risky assets since 2009, argued that recent macroeconomic developments could signal a significant break in the markets.

Source: Bitcoin Sistemi