📉 Bloomberg: Bitcoin could fall to $10,000
Senior strategist at Bloomberg Intelligence Mike McGlone believes that BTC is on a trajectory toward $10,000. Even a drop to $50,000 this year he calls a "normal correction".
• The market resembles 2008: high turbulence, good for traders, bad for long-term investors
• ETF means the end of the growth phase: when an asset becomes mainstream and gets an ETF, "the deal is played out"
• Crypto is no longer a refuge from the system: ETFs, institutional investors, and political support have made the market part of the financial system, not an alternative
• Gold has risen in 2025, digital assets lagged. When gold outperforms stocks and crypto, it is a warning about problems with risk assets
McGlone sees Bitcoin as a regular risk asset with high volatility. He believes that mass adoption through ETFs has killed its growth potential, and now BTC will behave like any other stock during a crisis.
What do you think, is this gentleman right? Leave your reactions:
🔥 — no, Bitcoin will continue to grow
🫡 — yes, a correction is inevitable