McGlone Warns Bitcoin Could Plummet to $10K
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Mike McGlone from Bloomberg warns Bitcoin could plummet to $10,000 if it fails to surpass $75,000, citing market history and the impact of tightening monetary policy. He also highlights the growing competition from tokens and stablecoins, predicting a potential flippening where Tethers assets could surpass Bitcoins. The $75,000 level is crucial, as its where recent rallies have stalled, and breaking through it could invalidate the bearish outlook.
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