Mike McGlone
@mikemcglone11
Senior Commodity Strategist - Bloomberg Intelligence
593 Following 80.9K Followers
A Bitcoin $10,000 Reversion Path Could Trigger Tumbling Dominoes
The first-born crypto led the way up for risk assets since 2009, but Bitcoin's peak above $100,000 in 2025, gold's rise above $5,000 in 1Q and most central banks shifting to restraint alongside surging government bond yields may signal an endgame. I see Bitcoin on track toward support around $10,000, notably if the US stock market has a 20% drawdown.
Full report on the Bloomberg here:
{BI COMD}
#Bitcoin# #gold# #bonds# #stockmarket# @BBGIntelligence
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