Bloomberg Strategist Calls for $10K Bitcoin

Mike McGlone, Bloomberg Intelligence senior commodity strategist, is doubling down on his call that bitcoin could fall below $10,000.

Is that realistic, or is McGlone being ridiculous?

If bitcoin falls that much, there would simply be a huge issue—either with the infrastructure that robbed people's trust in bitcoin, or a global economic, political, or financial crisis.

Unless McGlone sees something like that coming, the prediction isn't realistic.

Bitcoin is trading around $70,000. For it to drop 86% to $10,000 would require catastrophic events that fundamentally break the global financial system.

Not just a recession. Not just a bear market. Total systemic collapse. Read the full breakdown on why 10K is unrealistic: https://jalookout.com/2026/03/11/mcglone-10k-bitcoin-prediction-requires-nuclear-war/