Mike McGlone, senior commodity strategist at Bloomberg, predicts that Bitcoin could drop to $10,000. He argues that Bitcoin’s rise is linked to the US stock market’s performance and warns that it is not a safe-haven asset like gold.
He emphasizes that gold is consistently outperforming Bitcoin, viewing this as a concerning signal for Bitcoin investors. With gold hitting an all-time high price of $3,171, McGlone heightens awareness around Bitcoin’s future.
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