Bloomberg analyst predicts Bitcoin could sink back to $10,000

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The story "Bloomberg analyst predicts Bitcoin could sink back to $10,000" was covered 12 hours ago by Coin Telegraph, a news publisher based in United States.

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Coin Telegraph 12h ago

Bloomberg analyst predicts Bitcoin could sink back to $10,000 - Coin Telegraph

Quick Summary:

In an exclusive interview with Cointelegraph, McGlone points to deepening market sell-offs, intensified by US President Donald Trump’s ongoing tariff wars, and forecasts a sharp correction in crypto assets.

The stock market, he argues, has grown disproportionately large relative to the US economy — and now, a reset appears inevitable.“Back then, the US stock market was around 1.5 to GDP.We popped up to 2.2 or so to GDP.

According to McGlone, Bitcoin’s current price could face significant downward pressure as part of the broader market resets.