McGlone: Bitcoin Likely Below $84K by Year-End
Analysis
Price Impact
HighMike mcglone, a senior commodity strategist at bloomberg intelligence, has a consistently bearish outlook on bitcoin, linking its performance to broader risk-off sentiment and a potential recession. his predictions, given his stature, can significantly influence market perception.
Trustworthiness
MedWhile mcglone is a seasoned analyst from a reputable firm, market predictions, especially long-term ones tied to specific macroeconomic outcomes, carry inherent uncertainty. his 'worst-case' scenario of $10k is extreme.
Price Direction
BearishMcglone predicts bitcoin will likely be below $84,000 by year-end 2025, with a realistic scenario of $50,000, and a 'worst-case' plunge to $10,000. this is based on mean-reversion pressures, historical parallels to past downturns, and bitcoin acting as a 'high-beta leader' in a deflationary, risk-off environment.
Time Effect
LongThe predictions are focused on year-end 2025 price targets and are rooted in long-term macroeconomic trends, including a potential recession and the federal reserve's easing cycle.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Will Bitcoin lead the next recession? Is $10,000 in the cards? Advertisement Mike McGlone, Bloomberg Intelligence's senior commodity strategist with over 25 years in futures trading, argues Bitcoin's year-end 2025 price below $84,000 could signal risk-off sentiment across stocks and commodities. He believes that the leading cryptocurrency is more likely to end 2025 below the aforementioned level than above $94,000. Will Bitcoin lead the next recession? McGlone's bearish outlook on Bitcoin and broader risk assets emerges as a consistent thread across his commentary over the past month. HOT Stories McGlone: Bitcoin Likely Below $84K by Year-End Shiba Inu (SHIB) Price Might Erase Zero, XRP Now Offered by Vanguard, Peter Brandt Issues $250K Bitcoin Price Prediction – Top Weekly Crypto News Crypto Market Review: Shiba Inu (SHIB) Zero Removal Is Not Far Away, Ethereum (ETH) Selling Stops, XRP Bounce Chances Skyrocket Macron Sounds Alarm on U.S. Crypto Deregulation It is rooted in a confluence of mean-reversion pressures and historical parallels to past downturns. Advertisement So far, McGlone's anti-Bitcoin bet has been playing out nicely, with the flagship coin vastly underperforming gold. The Bloomberg analyst views Bitcoin as harbingers of post-inflation deflation. He repeatedly frames the crypto king as a high-beta leader poised to drag the S&P 500 and other speculative assets lower. The Federal Reserve's easing cycle has failed to stem its slide, which echoes the 2007 stock market peak. Back then, the initial rate cuts preceded a 50% plunge. As reported by U.Today, McGlone recently predicted that BTC could actually lead the next recession. Is $10,000 in the cards? He has recently predicted that Bitcoin (BTC) could fall back to $10,000 under a severe “bear‑case” scenario. Such an extremely bearish scenario will be possible if macroeconomic stress and structural weakness in crypto continue. Of course, it should be noted that this is just the “worst- case” scenario. However, McGlone does see BTC plunging to $50,000 amid weakening sentiment as a realistic scenario. #Bitcoin Price Prediction #Mike McGlone