Bloomberg's Mike McGlone, a prominent commodities strategist, predicts Bitcoin will fall to $10,000 before recovering to $100,000. This bearish outlook, despite Bitcoin's recent dramatic price movements and a cut-off mention of a peak near $120,000 in late 2025, suggests significant downside risk remains. McGlone's long-standing bearish stance highlights a prevailing institutional caution amidst market volatility. Investors should watch for further macroeconomic tightening and its impact on risk assets, as McGlone's predictions often reflect broader market sentiment and fundamental analysis.
McGlone's prediction underscores persistent institutional skepticism regarding Bitcoin's immediate upside. This bearish call suggests continued macro headwinds could drive further deleveraging across crypto, impacting Bitcoin and Ethereum's price stability. It signals a need for caution among institutional allocators.
This story reveals a market grappling with conflicting narratives and extreme volatility, where prominent analysts still foresee significant downside. It implies that despite recent rallies, the underlying market structure remains fragile, suggesting continued price discovery downwards before a sustained recovery.
The post Exclusive: Bloomberg’s Mike McGlone Says Bitcoin Will Hit $10,000 Before It Sees $100,000 Again appeared first on Coinpedia Fintech News Bitcoin has put investors through one of its most dramatic stretches in years. After trading near $120,000 in late 2025, the token has lost nearly half it