Bloomberg analyst says bitcoin can fall to $10000

[doomloop]

Although $10,000 sounds too unrealistic,

Indeed it is too low but if we think about it, there are even some that predicts a pretty high price in BTC. So what is the difference? Well, maybe we still prefer the other because we are optimistic but what about buying at dips? And thinking it will only recover? Isn't that also shows optimism?

it still shows evidence that things aren't going too well. Perhaps Bitcoin won't crash that much, but $50,000 might sound like a plausible scenario. Unfortunately, Trump's influence was only temporary, and his policies now seem more permanent than the bullshit he was claiming during the elections.

If we look at things right now, I think yeah we are still too far from that, so I can only ignore those if that makes me annoyed. About the Trump influence, his influence are solid until he ends his contract, though maybe you mean his great promises about BTC. Yeah, it is seems like we have been fooled by that. We forget that politicians are good at that or by making false promises.

[Oshosondy]

People can see how this analysts has been disappointed as bitcoin is increasing after Trump paused the tariffs he imposed on other countries for 90 days. He passed it for many countries. The price of bitcoin and some altcoins increased. Nice to see this. Bitcoin has always made these bad analysts wrong. Even if there is bear market again, bitcoin is never going to $10000.

[coolcoinz]

I remember this guy (McGlone) saying in 2023 when the FED started tightening policy that this would 100% lead to recession and unfold during the Biden administration. A year later there was still no recession and we might never see it despite Trump crashing the markets. McGlone has no clue. He couldn't even get that prediction right when he had over 12 months to go.

Next thing is that he's obviously dumb and looking at bitcoin like it's some sort of a stock because in his first sentence he said that we're in a bear market. We are not. A 30% correction is normal in every bitcoin bull market. If he was right then we'd be in a bear market every 2 weeks in 2017 and also in the middle of 2021.

Somebody should tell this guy that bitcoin can correct 50% and make a new ATH in the same year and that happened at least twice in the past. Senior analyst my ass...

[Stablexcoin]

This is the link where you can watch the YouTube video: https://youtu.be/-_q8kQrIdXA?si=aYnfr68oglrDSWxN

This is the stupidest prediction that I have even heard of recently. People should stop believing this people that might be bitcoin critics. I think this bitcoin analysts Mike McGlone is one of them.

I do not know this man but my conclus is simple. He is not an analyst at all.

Those that will believe such prediction don’t really understand bitcoin, really pity those that will fall as victims believing shit like this .

Making them to stop accumulating and start waiting for the price to fall to $10k before accumulating, that’s why always tell folks be careful of the kind of information you consume .

Opinions concerning the dip and bull won't stop coming, the person who analyzed may be considered an expert in his circle but in general not making enough sense, it's comfortable not looking back on several analysis that keeps appearing, investors are secured when it comes to how far the dip goes because that is the most generous time to buy more, DCA through the dip and forget obviously about if we can get down to $10,000. Having to DCA at the price of $30K is enough bottom to be appreciable, let the traders do predictions and worry about price change while investors just continue buying and holding safely.

[Finestream]

Predictions like this are not supposed to be heard nor recognized, because this is the worst prediction ever that a crypto analyst can do. Or let’s say he’s not a real analyst to be exact. He’s only here to create hype and make the people confused, but sorry to tell this man, the crypto community knows what’s actually happening in the market now. They will never fall to this hype.

[STT]

Price can do anything in theory, I could sell someone Bitcoin for a penny and its a valid sale but what matters is the volume and I really dont have that much to sell to really make a difference to actual long term dynamics.  On any particular day with enough panic, perhaps 10k is possible but to really matter longer term it has to weigh as truly significant and normally it should be part of a proper trend to count which is not currently true.  

   There are greater things to fear then a price movement in extremes, the greater trend is still very positive for Bitcoin.  If you become this negative this early, its going to wear you out by the end and opportunities will be missed probably.
    This is a positive market, nasty news, a majority of selling  this year but overall despite the battering BTC is still far more positive now then the fallout we saw previous years; it is correct to reflect that ongoing enduring positive from year to year even in continued bad weather.

[r_victory]

In the cryptocurrency market, anything is possible, however, the mainstream media always makes these extremely pessimistic predictions; it seems like they are paid to say such things. It was not just the Bloomberg analyst, but others have also made similar predictions.

There was even a survey by Deutsche Bank Research conducted between January 15 and 19, 2024, involving 2,000 people from the US, UK and Europe, which revealed a pessimistic sentiment among investors. More than a third of those interviewed predicted that Bitcoin would fall to less than $20,000 by January 2025, and Bitcoin reached an all-time high of $105,000.



If the price of assets in general were easy to predict, we would all be multimillionaires! 

[batang_bitcoin]

This is the link where you can watch the YouTube video: https://youtu.be/-_q8kQrIdXA?si=aYnfr68oglrDSWxN

This is the stupidest prediction that I have even heard of recently. People should stop believing this people that might be bitcoin critics. I think this bitcoin analysts Mike McGlone is one of them.

I do not know this man but my conclus is simple. He is not an analyst at all.

To be honest, we should like predictions like this. When it's come to these predictions, they're always wrong about that and the opposite of it is becoming the motion of Bitcoin in actuality. So, if he says that $10k could be the lowest of this, we've heard enough even on 2021-2022 that $3k could be the lowest again. Let them come, the opposite force always happens with these predictions that are mere opinions of whoever these people are. They cannot predict accurately and with all of the factors that we see happening now, they're going to be left behind if they're the ones waiting for that price to buy.

[LogitechMouse]

---
I do not know this man but my conclus is simple. He is not an analyst at all.

Well, anything is possible as many says, and in an unpredictable market like the crypto market, anything can happen. It's just a matter of "what are the chances" that the scenario will happen.

During the last 2 bear market that I saw, the market went down to around 70-80%. I took a quick calculation, and if we compute Bitcoin's previous ATH, to how much it can go down when the bear market happens, this might be the lowest price that it can go.

​Bitcoin reached its all-time high price of $108,388 on December 17, 2024. ​
If Bitcoin's price were to decrease by:
70%, it would be valued at $32,516.40.
75%, it would be valued at $27,097.00.
80%, it would be valued at $21,677.60.

I'm not saying that it will touch these prices with a 100% accuracy, but I just based on history, but there's a chance that it will touch those prices just by basing on the price movement of Bitcoin in the last 2 bear markets. $10,000 for me is just simply ridiculous, but I'm not negating his analysis because... he has the right to do so.

If he says $10,000, I will say that Bitcoin can fall to as low as $9,999, and you can call me stupid for that, but I have the right to do it. 

[JeffBrad12]

the so called expert analyst, spitting out some random yap and call it a prediction, as always.

can't even believe this is coming from a bitcoin analyst. can you imagine even at the worst peak bearish sentiment back then bitcoin didn't hit $10k and now somehow after reaching its ATH which is $125k while still having a really thick buy wall, suddenly some individual out of nowhere calling for $10k bitcoin price in bearish.

feels like he's just spreading fud at this point, but whatever these analyst is saying, i'm sure people who actually own and hold bitcoin won't even trust a single prediction coming from them.

[EarnOnVictor]

This is the stupidest prediction that I have even heard of recently. People should stop believing this people that might be bitcoin critics. I think this bitcoin analysts Mike McGlone is one of them.

LOL...He is just an analyst, everyone is entitled to their opinion. Although I did not bother to watch the video, what I can call stupid in his remark is when he doesn't have good points to back his claims. In that case, I will not stop seeing him as stupid but also dumb.

Well, I am beginning to see that Bitcoin may not have the bullish/bearish cycle anymore as widely perceived. It may behave as the market that would have its normal bullish and bearish times like every other asset. If this is the case, Bitcoin may not hit $10,000 anymore, for it has gained the advantage already. This is the level it didn't reach when it was severely falling in the last bearish season, why now?

[Zanab247]

I don't think this $10k  speculation will come through, if you look at the current price of BTC right now.Well, people have have different tools or observation about the market speculation, which is the reason people begin to see different speculation in social media, and even though the price will dump, I don't think it will dump below $50k before it will pump to break another ATH in the future.

The price of BTC people thought it will not return back to $80k few days ago, it has hit above $80k for hodlers to know that there is still hope to earn passive profit from BTC before the end of this year 2025.

[john_egbert]

the so called expert analyst, spitting out some random yap and call it a prediction, as always.

can't even believe this is coming from a bitcoin analyst. can you imagine even at the worst peak bearish sentiment back then bitcoin didn't hit $10k and now somehow after reaching its ATH which is $125k while still having a really thick buy wall, suddenly some individual out of nowhere calling for $10k bitcoin price in bearish.

feels like he's just spreading fud at this point, but whatever these analyst is saying, i'm sure people who actually own and hold bitcoin won't even trust a single prediction coming from them.

Those who know will hold no matter what, but such a scenario - yeah, it's too much. More than 50% from ATH is something to behold for sure, and we need many more events to see such a scenario becoming a reality.

[cryptomaniac_xxx]

the so called expert analyst, spitting out some random yap and call it a prediction, as always.

can't even believe this is coming from a bitcoin analyst. can you imagine even at the worst peak bearish sentiment back then bitcoin didn't hit $10k and now somehow after reaching its ATH which is $125k while still having a really thick buy wall, suddenly some individual out of nowhere calling for $10k bitcoin price in bearish.

feels like he's just spreading fud at this point, but whatever these analyst is saying, i'm sure people who actually own and hold bitcoin won't even trust a single prediction coming from them.

Those who know will hold no matter what, but such a scenario - yeah, it's too much. More than 50% from ATH is something to behold for sure, and we need many more events to see such a scenario becoming a reality.

And that is the question, what kind of scenario that we will see in the future that will put a scarce on the investors themselves to push the sell button and pull the price down? The only one that I can think of is that the internet is down or worst, there is a wwIII.

So in that two scenario, I do not see it happening in the future because if it did specially a war amongst nation, it might be the end of everything because of nuclear power. So each leader of any countries doesn't want to go down in history as the one who destroyed humanity.

[Swordsoffreedom]

LOL...He is just an analyst, everyone is entitled to their opinion. Although I did not bother to watch the video, what I can call stupid in his remark is when he doesn't have good points to back his claims. In that case, I will not stop seeing him as stupid but also dumb.

Like us, no one can give evidence or guarantee for our predictions because no one can know the future. But I agree, predicting bitcoin price to drop to $10k sounds silly and paranoid.
If people pay attention, we will see that bitcoin bottoms are higher after each cycle, and it was not able to drop to $10k in the previous cycle. There is no reason why the bottom of this cycle should be lower than the previous cycle.

Well, I am beginning to see that Bitcoin may not have the bullish/bearish cycle anymore as widely perceived. It may behave as the market that would have its normal bullish and bearish times like every other asset. If this is the case, Bitcoin may not hit $10,000 anymore, for it has gained the advantage already. This is the level it didn't reach when it was severely falling in the last bearish season, why now?

I also believe that the market cycle is over and bitcoin will behave like the stock market. But even if the bear season repeats itself, the chances of bitcoin falling to $10k remain unlikely.

[Powerjumboo]

People can see how this analysts has been disappointed as bitcoin is increasing after Trump paused the tariffs he imposed on other countries for 90 days. He passed it for many countries. The price of bitcoin and some altcoins increased. Nice to see this. Bitcoin has always made these bad analysts wrong. Even if there is bear market again, bitcoin is never going to $10000.

Yes, the news that Trump has suspended taxes from various countries for 90 days has increased the price of several altcoins, including Bitcoin. Due to the increase in price, people are now refraining from believing the future predictions of various analysts about Bitcoin. However, it is expected that Bitcoin will soon create a good position. Those who think negatively about Bitcoin and analyze the price of Bitcoin below $ 10,000, I think they are not analysts, they spread such analysis among people to create a kind of confusion among investors and traders.

[Agbamoni]

I do not know this man but my conclus is simple. He is not an analyst at all.

He is not an analyst he only needs fame. Did he got what he was looking for yes.
8.8k view with less like. This will tell you; it was all trash.
Times like this anyone will rush to get the mic to say all the jargons in their mouth so that in case it happens in the future, they will be famous saying they are predicting the market. Information is not true anymore, let's be guided.

[Ultegra134]

Indeed it is too low but if we think about it, there are even some that predicts a pretty high price in BTC. So what is the difference? Well, maybe we still prefer the other because we are optimistic but what about buying at dips? And thinking it will only recover? Isn't that also shows optimism?

If we look at things right now, I think yeah we are still too far from that, so I can only ignore those if that makes me annoyed. About the Trump influence, his influence are solid until he ends his contract, though maybe you mean his great promises about BTC. Yeah, it is seems like we have been fooled by that. We forget that politicians are good at that or by making false promises.

I'm the first one to point out unrealistic predictions, despite if they're positive or negative. I've literally laughed at people claiming it's going to reach $500,000, or similar uncalled speculation on the forum. I believe some people blindly believe what they want to believe, like fanboys. From my perspective, if we want to be honest about the current situation, both regarding cryptocurrencies and economic state in general, things are worrysome. Trump's policies are about to spark a new era of economic recession, which will massively affect us, including Bitcoin. The stock market has already plummeted, and this is only the beginning.

[mirakal]

This is the link where you can watch the YouTube video: https://youtu.be/-_q8kQrIdXA?si=aYnfr68oglrDSWxN

This is the stupidest prediction that I have even heard of recently. People should stop believing this people that might be bitcoin critics. I think this bitcoin analysts Mike McGlone is one of them.

I do not know this man but my conclus is simple. He is not an analyst at all.

Anyone can speculate about the price of bitcoin, but not all of them are right and have a basis for their thoughts. That is why I don't bother myself hearing stories from people who don't know about crypto, because they are just talking hearsay. I'd rather choose to believe what the chart says than those who assume themselves experts, because even experienced traders, investors, and those who have been in the crypto space for many years haven't concluded yet what really happens next.

What Bloomberg says is nothing, and the reason for doing this is to gain attention.

[Botnake]

I do not know this man but my conclus is simple. He is not an analyst at all.

He is not an analyst he only needs fame. Did he got what he was looking for yes.
8.8k view with less like. This will tell you; it was all trash.
Times like this anyone will rush to get the mic to say all the jargons in their mouth so that in case it happens in the future, they will be famous saying they are predicting the market. Information is not true anymore, let's be guided.

Many claimed to be bitcoin analysts but only few of them are reliable. Although it’s his own own prediction that at least we should respect, but as a bitcoiner point of view, what he’s saying is far from what is reality now, and not to mention, he’s up for FUD and hype, so most likely his intention is not to give us the right information but to make his video attracts massive attention.