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 The post Could Bitcoin Price Drop to $10,000? Bloomberg Analyst Gives Grim Warning appeared first on BeInCrypto.
Key Takeaways
- 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.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
Crypto PAC Spending Against Sherrod Brown Passes $52 Million In Ohio
TL;DR: Crypto-aligned political committees have reported more than $52 million in spending against former Senator Sherrod Brown’s bid to return to Congress. The campaign is one of the clearest examples of the industry’s willingness to spend heavily on a…
Stablecoin supply stalls, but payments jump 45% as Visa, Mastercard and Stripe connect crypto to cash
Analytics firm Allium said stablecoin payments hit $482 billion this year so far, up 45%, as card spending surges and global payment firms add crypto rails.
Most Americans polled oppose betting on elections: Reuters
The prediction market industry enables people to bet on US elections and sporting events.