Bloomberg's McGlone warns bitcoin could crash to $10,000 if US stocks slump
- —McGlone cites a 20% US stock selloff and tight monetary policy as triggers
- —A $10,000 target implies an 88% drop from current levels
- —Ki Young Ju: spot ETFs took in $58 billion, treasuries hold 1.3 million BTC
- —At $10,000 the MVRV ratio would hit 0.2 versus a 0.6 low in past bear markets
Why it matters: Calls of this magnitude feed market anxiety, though institutional demand arguments limit panic selling.
Source: BTC-ECHO
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