Markets· ★★★· bearish· October 27, 07:10

Bloomberg Intelligence's McGlone warns Bitcoin could crash to $10K

—McGlone says Bitcoin could "easily drop a zero" to $10,000
—He calls the spot BTC ETF launch a signal of the cycle top
—Bitcoin is now a "puppet of stocks" and a high-beta asset
—Risks cited: Fed tightening, energy shock, US midterms, Ukraine war

Why it matters: A prominent former bull flipping bearish adds to market anxiety as BTC trades below $80,000.

Source: Digital Today

More stories in swipe mode🔥 Trending now: Thousands of D'CENT wallets drained since September — one French user lost about $10,000

More on this

Macro · Oct 22

Bloomberg's McGlone Compares Bitcoin Risk Setup to 1929 Crash

Markets · Oct 23

Bloomberg's Mike McGlone Says Bitcoin Could Fall to $10,000

Markets · Sep 24

Bitcoin's $100K Breakout Could Mirror 2008 Oil Peak, Mike McGlone Warns