$BTC A fresh warning has emerged from Mike McGlone, senior macro strategist at Bloomberg Intelligence, who believes Bitcoin
$BTC could face a dramatic decline if U.S. recession risks continue to build.
According to McGlone, the world’s largest cryptocurrency may not just be experiencing a routine correction. Instead, its recent weakness could signal deeper financial stress in the broader economy. In a worst-case macro scenario, he suggests Bitcoin could retreat toward the $10,000 level — a price not seen in years.
The Macro Pressure Building
McGlone’s outlook is rooted in broader economic concerns rather than crypto-specific issues. He points to:
Historically high U.S. stock market valuations
Compressed volatility in major equity indexes
Growing signs of economic slowdown
Increased interest in traditional safe-haven assets like gold
If the U.S. economy tips into recession, risk assets could suffer across the board. In that environment, Bitcoin — often viewed as a high-risk, high-beta asset — may decline more sharply than equities.
Why $10,000?
A drop to $10,000 would represent an extreme correction from recent highs above $60,000. While such a move would be severe, Bitcoin has experienced deep drawdowns in past market cycles.
McGlone argues that the “buy-the-dip” mentality that supported markets over the past decade may be weakening. If liquidity tightens and investor sentiment shifts, speculative assets like Bitcoin could face outsized pressure.
Not Everyone Agrees
Despite the warning, not all analysts see a collapse to $10,000 as likely. Some market participants describe it as a low-probability scenario that would require significant systemic stress. Others believe Bitcoin could stabilize at higher levels, especially if long-term adoption trends remain intact.
What Investors Should Watch
For now, Bitcoin’s trajectory may depend more on macroeconomic developments than crypto-specific news. Key indicators to monitor include:
U.S. economic growth data
Federal Reserve policy decisions
Equity market volatility
Liquidity conditions
Whether Bitcoin
$BTC ultimately falls to $10,000 or not, the discussion highlights how closely digital assets are now tied to global financial conditions.
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