‘Crypto Bubble Is Imploding,’ Warns Bloomberg Analyst — Here’s Why He Thinks a Recession Could Follow

Key Takeaways Bloomberg strategist Mike McGlone warned Bitcoin could fall to $10,000. Critics continue to question Bitcoin’s investment case. Institutional adoption remains active despite volatility. A senior strategist at Bloomberg Intelligence warned that the recent downturn in crypto could be an early signal of the next U.S. recession, arguing that Bitcoin’s (BTC) price could fall to $10,000. He said the weakness in crypto could foreshadow a broader correction in U.S. stocks and signal a pote ...