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**Will Bitcoin Fall Again to $10,000? Dismal Prediction Disclosed by Mike McGlone of Bloomberg**
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Mike McGlone, a skilled commodity planner at Bloomberg Intelligence, has lately revealed his thoughts on why Bitcoin, the world’s foremost digital currency, could possibly undergo a considerable decrease to $10,000 soon.
McGlone makes connections between Bitcoin’s present situation and the dot-com bubble of the 2000s, during which the Nasdaq index saw a huge increase followed by an 80% collapse.
**Bitcoin to $10,000? McGlone Indicates at Chance**
The Bloomberg specialist implies that Bitcoin’s cost could shed a zero from the $100,000 level it was targeting earlier this year. McGlone mentions that gold, Bitcoin’s true rival, is presently on the upswing – a point he likewise made in a tweet previously this week.
> Bitcoin to $10,000? Gold Rising, Leveraged Beta Risk Peaking – #Gold’s approximately 15% gain from March 13, 2025, is about the same as #Bitcoin’s decrease — yet Bitcoin was around $80,000, what’s to prevent those trajectories? A roughly 6% decrease in the S&P 500 might be signaling something… pic.twitter.com/aMgL0LANFt
McGlone underlines that gold’s cost has risen by about 15% from March 13, 2025, while Bitcoin (frequently described as digital gold) has seen a comparable decrease, presently trading at approximately $80,000.
The cost of gold has risen to over $2,950 per ounce, driven by Donald Trump’s financial strategies toward Canada, Mexico, China, and Europe, along with increased international unrest.
In a recent post on social media, a specialist indicated that Bitcoin appeared after the stock exchange reached its lowest point during the 2009 home loan market collapse. Since that time, Bitcoin has been “one of the forerunners of the biggest risky asset increase in history,” which, according to him, implies it is a bubble on the verge of collapsing. Bloomberg strategists support this opinion, observing the extreme instability and theoretical characteristic of Bitcoin and digital currencies. They also referenced the unprecedented influxes into Bitcoin ETFs and the US President’s changing attitude on Bitcoin and crypto in general. The specialist appears to make comparisons to the dot-com bubble of the early 2000s, which collapsed and resulted in an 80% decrease in the Nasdaq tech index.
