Mike McGlone, a senior Bloomberg analyst, has warned that bitcoin (BTC)could fall as much as 10,000, a drop of almost 88 percent from the current price. The reason for this prediction? Changing the behavior of investors who are moving towards gold and at the same time, stock markets are falling.

Why does McGlone think so downhill? McGlone believes that bitcoin as a risky asset has always moved along with the upward trend in stock markets. Since these markets are now under pressure and macroeconomic risks have risen, bitcoin could be severely damaged.

Since the beginning of 2025, the price of gold has grown by 15%, while bitcoin has fallen in the same period. Also, a 6% drop in the S&P 500 could put more pressure on bitcoin.

McGlone says the growth of bitcoin after the launch of ETFs and Trump's return to the political scene is similar to the financial bubbles of 25 years ago.

I believe McGlone's prediction seems deeply pessimistic, especially as most analysts continue to hope for a medium-term upward trend in bitcoin. But if the downward trend in financial markets continues and investors move towards safer assets, there is a possibility of downward pressure on bitcoin.

In any case, the market is full of opportunities and risks. Be prepared and act with the right strategy!