Bitcoin to $10,000? Bloomberg Makes Shocking Crash Prediction

Cover image via youtu.be 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 No scarcity? A former bull Advertisement In his latest social media post, Bloomberg's McGlone is predicting a devastating downward spiral for the flagship cryptocurrency. Bitcoin $50,000 in 2026 On the Way to $10,000? 2025 may have marked peak Bitcoin/cryptos. Gold has only three major precious-metal competitors: silver, platinum and palladium. By contrast, Bitcoin was the first crypto in 2009, but now has millions of digital-asset competitors.… pic.twitter.com/3PSQF4zVwU — Mike McGlone (@mikemcglone11) December 28, 2025 He is convinced that Bitcoin will not stop at $50,000 as a "floor" or support level. Instead, he sees the aforementioned price target as merely a waypoint. HOT Stories Bitcoin to $10,000? Bloomberg Makes Shocking Crash Prediction Morning Crypto Report: XRP's $589 Conspiracy Hits Times Square, Bitcoin Has 3 Days to Unlock 40% Rally, Shiba Inu (SHIB) Targets Zero Cut in January Schiff Claims Bitcoin 'Wastes' Energy Crypto Market Prediction: Bitcoin Could Spike Above $90,000, Shiba Inu (SHIB) Hits Hidden Reversal Level, Will Ethereum's (ETH) New Year Pump Happen? McGlone argues that 2025 likely marked the definitive top of the cycle. The next year will be the year of a catastrophic "reversion to the mean." Advertisement You Might Also Like Sat, 12/27/2025 - 13:45 Top Bitcoin Analysts Turning Bearish as Price Consolidation Grows By Godfrey Benjamin The analyst's mean reversion target currently stands at $10,000. Why $10,000? This figure is roughly where Bitcoin was changing hands before the speculative mania of the post-2020 era. The Bloomberg guru likely views the price appreciation since then as largely driven by "excess liquidity". A drop to $10,000 would represent a "return to normal." Advertisement No scarcity? McGlone argues that gold is fundamentally scarce, not just because it is hard to mine. If you want a precious metal store of value, you only have three other real options in the physical world: silver, platinum, and palladium. On the other hand, the Bloomberg analyst says that the crypto asset class is inflationary and infinite. McGlone believes that this oversupply of "crypto assets" dilutes the capital entering the space. A former bull McGlone has not always been a bear. In fact, for years, he has been one of the loudest institutional voices predicting Bitcoin would inevitably hit $100,000. During the stimulus era, McGlone was extremely bullish. He argued that Bitcoin was maturing into a global reserve asset. By 2025, however, McGlone fully abandoned the "digital gold" narrative. He began pointing out a "divergence": gold was hitting all-time highs, but Bitcoin was struggling to keep up. He believes the global economy is entering a deflationary recession. In this environment, cash is king. Hence, this is supposed to justify his uber-berish target. #Bitcoin Price Prediction #Mike McGlone