Mike McGlone Predicts Bitcoin Will Reach $10,000

Bloomberg analyst Mike McGlone predicts that the U.S. economy will enter a recession within the next year, leading to stock market sell-offs. McGlone stated, "The U.S. economy is heading towards a recession. This will lead to serious corrections in the markets. The Fed's previous monetary expansion has excessively inflated Bitcoin. Now the Fed is raising interest rates, and it's time for these increases to reverse." He also noted that a 20% drop in the S&P 500 would result in significant wealth loss for the American public, which would reduce consumption and contract the economy. Reiterating his $10,000 prediction for Bitcoin, McGlone said, "This decline will bring oil down to $50, gold to $3000, and Bitcoin to $10,000." He emphasized that gold is no longer acting as a safe haven, as its correlation with the stock market has increased. Published on November 3, 2026.

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