US EditionBitcoin Price Prediction: Bloomberg Warns $10K Crash In 2026
McGlone says mean reversion and heavy historical volume could send Bitcoin back to $10,000 unless it regains $75,000, Bloomberg Intelligence said.
- Bloomberg Intelligence senior commodity strategist Mike McGlone reiterated that Bitcoin could crash to $10,000, establishing $75,000 as a critical threshold where the bearish thesis breaks if reclaimed and held.
- McGlone frames his forecast within a broader deflationary collapse, citing China's property crisis with 300% debt-to-GDP and warning that CPI could turn negative next year. "We've reached the endgame," McGlone said.
- Analyst Dave Weisberger challenged the $10,000 target on mathematical grounds, arguing that with roughly 50% more dollars in circulation, a comparable drop would bottom between $25,000-$30,000, calling the forecast "clickbait."
- Defending his position, McGlone compared Bitcoin's cycle to crude oil's historical mean reversion patterns, stating, "This is not a simple micro view where my math is wrong," and projected S&P 500 declines of 50-60%.
- Q1 2026 data shows individuals dumped 62,000 Bitcoin while businesses bought 69,000 and governments added 25,000, signaling institutional accumulation amid retail capitulation.
12 Articles
12 Articles
Bloomberg Analyst Mike McGlone Predicts Massive ‘Flippening,’ Says USDT Will Overtake Ethereum and Bitcoin
Bloomberg Intelligence senior commodity strategist Mike McGlone believes major shifts in the crypto market are underway, including a potential “flippening” led by stablecoins. McGlone says Bitcoin (BTC) will likely revisit significantly lower levels, potentially dropping toward $10,000 by 2026 as broader market conditions shift. “Potential $10,000 Bitcoin in 2026. Prove me wrong – stay above $75,000. Before the biggest money pump in history in 2…
“A Hurricane Is Coming”: Bloomberg Analyst Warns Bitcoin Could Crash to $10K This Year
TL;DR A Bloomberg Intelligence strategist warns Bitcoin could fall to $10K, pointing to the unwinding of pandemic-era liquidity and an oversupply of competing tokens. He also argues stablecoins like Tether USDT could gain structural importance over time. Despite the bearish view, other analysts highlight ETF inflows, institutional demand, and Bitcoin’s scarcity as factors that may reduce the scale of any downturn. Bitcoin faces renewed debate a…
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