Bitcoin to $10K? Bloomberg Analyst Warns of Brutal Scenario if Stocks Slide 20%

Bloomberg senior commodity strategist Mike McGlone said Bitcoin could fall to $10,000 if the S&P 500, a US stock index, undergoes a prolonged 20% decline. McGlone, who has held a bearish view since Bitcoin rose above $100,000 in early 2025, called its recent recovery a bear-market bounce and said spot Bitcoin exchange-traded funds have brought the asset further into mainstream finance. He argued that tighter Federal Reserve policy and a broader equity sell-off could expose Bitcoin’s vulnerability. Bitcoin was trading near $82,000, about 35% below its all-time high above $126,000.