
Jakarta, Pintu News – In a recent post on social media, Bloomberg analyst McGlone predicted a drastic drop for the major cryptocurrency, Bitcoin . According to him, Bitcoin (BTC) will not just stop at $50,000 as a floor or support level. Furthermore, he views the figure as only a temporary stopping point before reaching a lower target.
McGlone believes that 2025 will be the definitive cycle peak for Bitcoin (BTC). The following year is predicted to be the year of a catastrophic “reversion to the mean”. The mean reversion target set by the analyst currently stands at $10,000.
This figure represents the price range at which Bitcoin (BTC) traded before the speculative mania of the post-2020 era. McGlone argues that the price rise since then has been largely driven by “excess liquidity”, and a drop to $10,000 would represent a “return to normal”.
Also read: Bitcoin Price Prediction: Can BTC Break $90,000 This Week?
Unlike gold, which has a fundamental scarcity, McGlone argues that the crypto asset class is inflationary and unlimited. Not only is gold difficult to mine, but if one is looking for a precious metal store of value, there are only three other options in the physical world: silver, platinum, and palladium.
On the other hand, McGlone stated that the oversupply of “crypto assets” led to a dilution of capital coming into this space, reducing its appeal as a store of value.
Also read: 3 Cryptos that Liquidated Today (12/29) Ahead of January 2026
McGlone hasn’t always been pessimistic about Bitcoin (BTC). Over the years, he has been one of the loudest institutional voices predicting that Bitcoin (BTC) will reach $100,000. However, during the stimulus era, McGlone was very optimistic, arguing that Bitcoin (BTC) was maturing into a global reserve asset.
However, by 2025, McGlone completely abandoned the “digital gold” narrative. He began to point out “divergences”: gold reached record highs, while Bitcoin (BTC) struggled to keep up. He believes that the global economy is entering a deflationary recession, where cash is king, thus justifying his bearish target.
McGlone’s prediction of Bitcoin’s (BTC) bleak future generated a lot of discussion among investors and market watchers. Will Bitcoin (BTC) continue to decline, or is this just a temporary phase before it goes back up? Only time will tell.
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