Bitcoin Could Crash $10,000 if Equities Drop 20%, Bloomberg's McGlone Warns

Bitcoin to $10K? Bloomberg Analyst Warns of Brutal Scenario if Stocks Slide 20%

McGlone believes BTC's mainstream adoption through ETFs changed its investment profile, leaving it more exposed to familiar market risks.

Bitcoin Could Crash $10,000 if Equities Drop 20%, Bloomberg's McGlone Warns

McGlone warns Bitcoin could fall to $10,000 amid an equity selloff, Fed tightening and AI risks. He favors stablecoins and Treasuries.

AI Risk Could Force Bitcoin Drawdown To $10,000

Mike McGlone was one of the few Wall Street analysts to call $100K Bitcoin. Now the Bloomberg Intelligence senior commodity strategist says Bitcoin “can easily drop a zero” to $10,000. In this interview with Grace Remington and Sean Hagan, he explains why the ETF launch signaled the trade was over, why Bitcoin has become a “stock puppet” with high beta and no edge, and why a Fed priced for three hikes is a headwind for Bitcoin, gold and copper a…

Bitcoin rebound is a bear-market bounce as McGlone maintains $10,000 downside view

Mike McGlone calls Bitcoin’s recovery a bear-market bounce, maintaining his $10,000 downside view as weak relative returns and potential Fed tightening weigh on his assessment.