Bloomberg Strategist Calls Bitcoin a “Stock-Market Puppet,” Maintains $10,000 Target

Bloomberg Strategist Reiterates $10,000 Bitcoin Target, Describes BTC as a “Stock-Market Puppet”

Bloomberg commodity strategist Mike McGlone reiterated his prediction that Bitcoin (BTC) could fall to $10,000, describing the cryptocurrency as a “complete stock puppet” whose performance, he said, remains heavily influenced by US equities. Speaking to Maggie Lake on Welthion recently, McGlone stated that Bitcoin has not yet demonstrated the resilience needed to justify more optimistic expectations. He pointed to its relationship with US equities.