Bloomberg's Mike McGlone Says Bitcoin Could Fall to $10,000
- —McGlone sees Bitcoin potentially falling to $10,000, losing a zero
- —He views the ETF launch as the signal the rally was over
- —Three Fed hikes are priced in, a headwind for BTC, gold and copper
- —He calls Bitcoin a high-beta "stock puppet" with no edge
Why it matters: McGlone previously called $100K correctly; his bearish flip adds to pessimism as ETF outflows pressure the market.
Source: Bitcoin Magazine
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