Bitcoin May Fall to $10,000: Bloomberg Analyst's Opinion

user avatar

by Giorgi Kostiuk

2 years ago

Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, shared his view on the potential drop of Bitcoin's value to the $10,000 level.

Bitcoin Compared to the Internet Bubble

McGlone draws an analogy between the current state of Bitcoin's market and the dot-com bubble of the early 2000s. He believes that the crypto market might face a similar crash to the one that occurred with tech companies on the Nasdaq, which then lost 80% of its value.

New Predictions for Gold and Bitcoin Prices

According to McGlone, gold, Bitcoin's physical rival, is on the rise while the cryptocurrency has declined in price. In 2025, gold increased by 15%, serving as an indicator for investors observing Bitcoin's dynamics, currently around $80,000. U.S. economic policy and geopolitical tensions also influence this trend.

Bitcoin Back to $10,000? Peak Leveraged Beta Risks, Rising Gold... [Gold is] up about 15%... [Bitcoin is] down. What stops those trajectories?

Parallels with the 2009 Crisis

McGlone reminds that Bitcoin was created in 2009 during the mortgage market crisis. Since then, Bitcoin has been a leader of one of the greatest risk-asset rallies in history, but the analyst sees it as a bubble that might burst soon.

Bloomberg's McGlone warns of Bitcoin's potential drop to $10,000, seeing signs of an impending crisis akin to the dot-com bubble of the early 2000s.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

New Report Released Using SEC Data.

A report has been generated based on the information released by Sec. This release aims to inform the public and increase awareness of the information provided.

user avatarJesper Sørensen

Memory Stocks Rally Amid Global Shortage

Memory stocks, including Micron and SanDisk, surged nearly 11% on September 18, 2026, due to a global memory shortage, attracting investor interest and bullish analyst forecasts.

user avatarLucas Weissmann

Micron Plans $250 Billion Investment to Boost Production

Micron Technology, Inc. has announced a substantial investment plan of $250 billion aimed at ramping up domestic memory chip production.

user avatarFilippo Romano

Analysts Raise Price Targets for Micron MU

Recent updates from Wall Street analysts indicate a growing optimism for Micron MU, with RBC Capital raising the price target to 1500 and TD Cowen setting it at 1600.

user avatarRajesh Kumar

Micron MU Stock Price Surges Past 1000 Mark

Micron MU stock has reclaimed the 1000 price level, closing significantly higher amid a sector-wide resurgence.

user avatarEmily Carter

Grayscale's Zcash ETF to Implement 3-for-1 Forward Share Split

Grayscale has announced a 3-for-1 forward share split for its Zcash ETF, ticker ZCSH, to enhance accessibility for retail investors.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.