Bitcoin Could Plummet to $10,000, Warns Bloomberg Strategist – Here’s Why

• Why Is a Bloomberg Strategist Predicting a $10,000 Bitcoin?
• The Macroeconomic Perfect Storm
• But Wait – Haven’t We Heard This Before?
• The Silver Lining Playbook
• FAQ: Your Bitcoin Crash Questions Answered

Bitcoin’s recent volatility has analysts divided, but Bloomberg’s senior strategist Mike McGlone predicts a potential drop to $10,000. This article dives into the factors behind this bold forecast, historical context, and what it means for investors. Spoiler: it’s not all doom and gloom.

Why Is a Bloomberg Strategist Predicting a $10,000 Bitcoin?

Mike McGlone, Bloomberg Intelligence’s senior commodity strategist, isn’t known for pulling punches. In his September 2025 analysis, he points to Bitcoin’s historical boom-bust cycles, comparing the current market to the 2018 crash that saw BTC lose 80% of its value. “When liquidity tightens, crypto behaves like the canary in the coal mine,” McGlone told Bloomberg TV last week. His $10K prediction factors in Federal Reserve rate hikes and declining trading volumes on major exchanges like BTCC and Coinbase.

The Macroeconomic Perfect Storm

Three converging factors make this prediction plausible:

1. Fed Policy: With inflation still above target, the Fed’s quantitative tightening has sucked $3 trillion out of markets since 2023 (TradingView data).
2. Institutional Exodus: Bitcoin ETF outflows hit $1.2B in August 2025 – the highest since the FTX collapse.
3. Technical Breakdown: BTC’s 200-week moving average, historically a floor, now sits at $12,000.

Interestingly, McGlone’s model accurately predicted the 2022 crypto winter within a 10% margin of error.

But Wait – Haven’t We Heard This Before?

Every bitcoin cycle brings its parade of doomsayers. Remember when JPMorgan called BTC “rat poison squared” in 2018? The coin subsequently rallied 800%. The BTCC research team notes that McGlone’s prediction assumes no Black Swan events like:

• Spot ETF approvals in major emerging markets
• Corporate treasury purchases (a la MicroStrategy 2020)
• Central bank digital currency integrations

As of September 5, 2025, Bitcoin’s hash rate remains NEAR all-time highs – typically a bullish divergence from price.

The Silver Lining Playbook

For long-term holders, this could be a gift wrapped in FUD (fear, uncertainty, doubt). Historical data from CoinMarketCap shows:

Drawdown	Recovery Time	Subsequent Peak
-83% (2018)	14 months	$69,000
-77% (2022)	16 months	$85,000

“The best crypto investments were made when everyone was puking,” quips a BTCC analyst who asked to remain anonymous. This article does not constitute investment advice.

FAQ: Your Bitcoin Crash Questions Answered

How likely is Bitcoin to hit $10,000?

McGlone assigns a 35% probability based on Bloomberg’s proprietary models. The baseline scenario remains $15,000-$20,000.

What should investors do now?

Diversify, dollar-cost average, and maybe – just maybe – keep some dry powder for potential fire sales.

Are altcoins riskier than Bitcoin in this scenario?

History shows altcoins typically fall 2-3x harder than BTC in downturns. The 2022 crash saw 85% of top-50 coins underperform Bitcoin.