Mike McGlone Stands Firm: Bitcoin (USD) Could Still Hit $10,000 in 2025—Here’s Why

• Why Is Mike McGlone Doubling Down on a $10,000 Bitcoin?
• The CPI Factor: How Inflation Data Could Crush Crypto
• Historical Precedent: When Bitcoin Crashed 80%… Twice
• What Would a $10K Bitcoin Mean for Your Portfolio?
• The Bull Case Nobody’s Talking About
• FAQ: Your Burning Questions Answered

Bloomberg analyst Mike McGlone isn’t backing down from his bold prediction that bitcoin (BTC) could plummet to $10,000 this year. Despite market optimism, McGlone cites macroeconomic pressures, including U.S. CPI trends and liquidity shifts, as key drivers. This article dives into his rationale, historical parallels, and what traders should watch. Spoiler: it’s not all doom and gloom—there’s a silver lining for long-term holders.

Why Is Mike McGlone Doubling Down on a $10,000 Bitcoin?

In a market where crypto influencers scream "moon" or "apocalypse," McGlone’s calm, data-driven approach stands out. His $10,000 BTC forecast hinges on three factors: tightening U.S. monetary policy, declining liquidity (think reverse repo market drain), and Bitcoin’s historical sensitivity to macro shocks. "Bitcoin acts like a high-beta version of the Nasdaq," he noted in a recent Bloomberg Intelligence report. Translation: when risk assets sneeze, BTC catches pneumonia.

The CPI Factor: How Inflation Data Could Crush Crypto

September’s U.S. CPI print (due next week) might be the make-or-break moment. McGlone argues that sticky inflation could force the Fed to keep rates higher for longer—a nightmare for speculative assets. CoinMarketCap data shows BTC’s 60-day correlation with the S&P 500 at 0.78, its highest since 2020. "This isn’t 2021 anymore," says the BTCC research team. "The ‘inflation hedge’ narrative needs a reality check."

Historical Precedent: When Bitcoin Crashed 80%… Twice

Let’s rewind: BTC dropped 83% in 2014-15 and 84% in 2018. Both crashes followed euphoric bull runs and Fed tightening cycles. Sound familiar? McGlone’s $10K target WOULD represent an 85% drop from 2024’s peak—eerily consistent. "Markets don’t repeat, but they rhyme," quips a TradingView analyst. The twist? Post-crash recoveries averaged 3,200% gains. Food for thought.

What Would a $10K Bitcoin Mean for Your Portfolio?

For hodlers, this could be a generational buying opportunity (if you’ve got steel nerves). For traders, BTCC’s derivatives desk notes that $20K is critical support—a break below could trigger algorithmic sell-offs. Pro tip: watch open interest on CoinGlass. When liquidation clusters form, things get spicy.

The Bull Case Nobody’s Talking About

Paradoxically, a crash might strengthen Bitcoin long-term. McGlone acknowledges that capitulation could purge leverage from the system—similar to 2018’s "washout" that preceded institutional adoption. "Sometimes you need a forest fire for new growth," muses a crypto O.G. on X (formerly Twitter).

FAQ: Your Burning Questions Answered

Is McGlone’s $10K prediction realistic?

It’s extreme but plausible. The Fed’s balance sheet contraction ($8T to $6.9T since 2022) removes liquidity that previously buoyed crypto.

Should I sell my Bitcoin now?

This article does not constitute investment advice. That said, diversification never hurts—ask your cat (or financial advisor).

How low can altcoins go if BTC hits $10K?

Historically, altcoins fall 90-95% in BTC downturns. ethereum might fare better due to ETF inflows.