Bitcoin price will fall to $10,000 as crypto ‘bubble is imploding,’ warns Bloomb

[dimonstration]

There’s always an extreme prediction like this whenever there’s a significant movement on the market. I guess this is always a trend to shill their short position they are taking with their trade.

10K is unrealistic with the current status of crypto market without any major news that can affect the price.

Unless there will be a pandemic like event I believe this 10K is close to impossible.

[FanEagle]

We seriously need to get rid of no name people to talk about things like this like they have any idea and start ignoring them. Whoever this Mike Mcglone is, just because he is at Bloomberg you think he could be right?

Those guys have no idea what they are talking about. I can provide a proof as well, easily, by telling that no it will not be 10k, we can wait for a few years and see if a dude from Bloomberg whose entire work is about knowing this being more wrong than some online dude (me) who has nothing to do with this but just have a brain that works.

[r_victory]

There will always be an apocalyptic "analyst." Like any asset, Bitcoin can rise indefinitely or fall suddenly, but in my opinion, "experts" who act this way either hate Bitcoin or want to cause panic and take advantage of a downturn to fill their own wallets.

Unfortunately, some unprepared people who have recently started investing in cryptocurrencies, seeing the current market conditions and reading something like this, may simply sell their bitcoins, possibly depriving themselves of enjoying an asset that could make all the difference in their financial lives if it follows the path that most of us with a little more knowledge expect.