Could Bitcoin Price Drop to $10,000? Bloomberg Analyst Gives Grim Warning

Bloomberg Intelligence senior commodity strategist Mike McGlone renewed a stark forecast. He said Bitcoin could fall toward $10,000 if US stocks fall 20%. Analysts have pushed back sharply, pointing to on-chain data and recent price action. What McGlone Is Forecasting Now In a post on October 16, McGlone linked the scenario to broader risks. He pointed to Bitcoin’s 2025 peak above $100,000 and gold’s climb past $5,000. He also cited tighter policy and rising bond yields as signs of a possible endgame for the 2009 rally. McGlone has repeatedly floated the $10,000 target throughout 2026 and earlier. In August, he suggested Bitcoin’s comfort below $69,000 pointed to a continued move toward that level.

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