Mike McGroen, a senior commodity strategist at Bloomberg, defends his Uber-Bearish Bitcoin price forecast, claiming that a potential rush to $10,000 would be a “simple return.”
What’s not profound about $10,000 #bitcoin? This is the possibility of a simple return of highly speculative and unstable risk assets by millions of #CryptoCurrency addicts, piggybacked in the US #Stockmarket record setting run. #Gold has three #preciousmetals addicts. …pic.twitter.com/0qarwkcgkl
– Mike McGlone (@mikemcglone11) April 10, 2025
Major cryptocurrencies have been “piggybacked” in record-breaking runs in the US stock market, according to McGlone.
As reported by U.Today, McGlone repeatedly predicted that Bitcoin could end up losing zero, gaining many supporters of major cryptocurrencies.
Recently, McGlone I said Despite the fact that this story is often pushed by the code bull, Barnett’s energy does not consider Bitcoin as a safe asset.
“We trade three times the volatility of the gold and S&P 500.
McGlone recalled that he correctly predicted that Bitcoin could add more zeros by 2025.
“Now I’m looking for a simple average return back to $10,000,” McGlone said.
This is a “classic example” of large ETF launches that mark a peak price.
At the same time, McGlone predicts that Bitcoin will be virtually superior this year.
“When you see money keeps everything going and beat it all, that’s the warning flag,” he said.
Today, Spot Gold rose to an all-time high of $3,171 in the first half of today.
As Reported by U.Todaygold advocate Peter Schiff predicts that Bitcoin could collapse to the $10,000 level. Crypto Permabear expects cryptocurrency to lose up to 90%
