{"id":37803,"date":"2026-03-11T09:15:00","date_gmt":"2026-03-11T09:15:00","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=37803"},"modified":"2026-03-11T09:15:00","modified_gmt":"2026-03-11T09:15:00","slug":"bloomberg-analyst-mike-mcglone-issues-bitcoin-warning-says-btc-could-crash-even-lower-than-10000","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=37803","title":{"rendered":"Bloomberg Analyst Mike McGlone Issues Bitcoin Warning, Says BTC Could Crash \u2018Even Lower\u2019 Than $10,000"},"content":{"rendered":"

\"\"<\/p>\n

Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, is warning that Bitcoin (BTC<\/a>) may collapse into the four figures.<\/p>\n

In a new interview with crypto trader Elliot Wainman, McGlone says<\/a> that Bitcoin could collapse below a $10,000 price level due to its greater acceptance by the traditional financial system and the proliferation of digital assets.<\/p>\n

\u201cI do believe that the Bitcoin bear market started with the massive excesses of 2024. We went a little bit higher in 2025. And now we\u2019re heading lower\u2026<\/em><\/p>\n

Once we got through those ETFs (exchange-traded funds), and once we went through that period of Mr. Trump getting elected and that massive pump in prices, that put in the peak. That was my call. I was early. And now we\u2019re still heading in that hangover period. I think it\u2019s going to last a while, and I don\u2019t think it\u2019s going to end until we purge mass in some of these excesses.\u201d<\/em><\/p>\n

McGlone says he believes the proliferation of crypto investment options is diluting Bitcoin\u2019s value, despite BTC\u2019s limited supply.<\/p>\n

[When Bitcoin] was $10,000, I said it was just going to add a zero. Now when we got to $100,000, I said we drop off the zero. But part of the reason for that is all the massive excess of supply in other cryptos. <\/em><\/p>\n

I get Bitcoin\u2019s got limited supply, but now it\u2019s in the space. It\u2019s been financialized. It\u2019s been ETFs. You can trade numerous options on it, and it\u2019s no longer an exciting asset. I don\u2019t think people realize that yet.\u201d <\/em><\/p>\n

McGlone believes Bitcoin may decline by more than 86% its current value, a price level last seen in 2020.<\/p>\n

\u201cI\u2019m not looking at [$10,000] as a low. It could even get lower.\u201d <\/em><\/p>\n

Bitcoin is trading for $69,975 at time of writing, up 2% in the last 24 hours.<\/p>\n

Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nDon’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
\n
\nCheck Price Action<\/a><\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n

\n
<\/div>\n

&nbsp<\/p>\n

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Generated Image: DALLE3<\/em><\/span><\/p>\n

The post Bloomberg Analyst Mike McGlone Issues Bitcoin Warning, Says BTC Could Crash \u2018Even Lower\u2019 Than $10,000<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, is warning that Bitcoin (BTC) may collapse into the four figures. In a new interview with crypto trader Elliot Wainman, McGlone says that Bitcoin could collapse below a $10,000 price level due to its greater acceptance by the traditional financial system and the proliferation of digital assets. […]<\/p>\n","protected":false},"author":1,"featured_media":37804,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-37803","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"\nBloomberg Analyst Mike McGlone Issues Bitcoin Warning, Says BTC Could Crash \u2018Even Lower\u2019 Than $10,000 - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=37803\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bloomberg Analyst Mike McGlone Issues Bitcoin Warning, Says BTC Could Crash \u2018Even Lower\u2019 Than $10,000 - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, is warning that Bitcoin (BTC) may collapse into the four figures. In a new interview with crypto trader Elliot Wainman, McGlone says that Bitcoin could collapse below a $10,000 price level due to its greater acceptance by the traditional financial system and the proliferation of digital assets. […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=37803\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-11T09:15:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2024\/02\/Bitcoin-Pre-Halving-Rally.jpg?resize=1024,600\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37803#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37803\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Bloomberg Analyst Mike McGlone Issues Bitcoin Warning, Says BTC Could Crash \u2018Even Lower\u2019 Than $10,000\",\"datePublished\":\"2026-03-11T09:15:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37803\"},\"wordCount\":461,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37803#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Bitcoin-Pre-Halving-Rally-btEKq8.webp\",\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37803\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37803\",\"name\":\"Bloomberg Analyst Mike McGlone Issues Bitcoin Warning, Says BTC Could Crash \u2018Even Lower\u2019 Than $10,000 - Cryptomag\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37803#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37803#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Bitcoin-Pre-Halving-Rally-btEKq8.webp\",\"datePublished\":\"2026-03-11T09:15:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37803#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptomag.finance\\\/?p=37803\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37803#primaryimage\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Bitcoin-Pre-Halving-Rally-btEKq8.webp\",\"contentUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Bitcoin-Pre-Halving-Rally-btEKq8.webp\",\"width\":1024,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37803#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptomag.finance\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bloomberg Analyst Mike McGlone Issues Bitcoin Warning, Says BTC Could Crash \u2018Even Lower\u2019 Than $10,000\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/\",\"name\":\"Cryptomag\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptomag.finance\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\",\"name\":\"Crypto Magazine\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"caption\":\"Crypto Magazine\"},\"sameAs\":[\"https:\\\/\\\/cryptomag.finance\",\"https:\\\/\\\/x.com\\\/cryptomagz\"],\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bloomberg Analyst Mike McGlone Issues Bitcoin Warning, Says BTC Could Crash \u2018Even Lower\u2019 Than $10,000 - Cryptomag","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptomag.finance\/?p=37803","og_locale":"en_US","og_type":"article","og_title":"Bloomberg Analyst Mike McGlone Issues Bitcoin Warning, Says BTC Could Crash \u2018Even Lower\u2019 Than $10,000 - Cryptomag","og_description":"Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, is warning that Bitcoin (BTC) may collapse into the four figures. In a new interview with crypto trader Elliot Wainman, McGlone says that Bitcoin could collapse below a $10,000 price level due to its greater acceptance by the traditional financial system and the proliferation of digital assets. […]","og_url":"https:\/\/cryptomag.finance\/?p=37803","og_site_name":"Cryptomag","article_published_time":"2026-03-11T09:15:00+00:00","og_image":[{"url":"https:\/\/dailyhodl.com\/wp-content\/uploads\/2024\/02\/Bitcoin-Pre-Halving-Rally.jpg?resize=1024,600","type":"","width":"","height":""}],"author":"Crypto Magazine","twitter_card":"summary_large_image","twitter_creator":"@cryptomagz","twitter_site":"@cryptomagz","twitter_misc":{"Written by":"Crypto Magazine","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptomag.finance\/?p=37803#article","isPartOf":{"@id":"https:\/\/cryptomag.finance\/?p=37803"},"author":{"name":"Crypto Magazine","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"headline":"Bloomberg Analyst Mike McGlone Issues Bitcoin Warning, Says BTC Could Crash \u2018Even Lower\u2019 Than $10,000","datePublished":"2026-03-11T09:15:00+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=37803"},"wordCount":461,"image":{"@id":"https:\/\/cryptomag.finance\/?p=37803#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Bitcoin-Pre-Halving-Rally-btEKq8.webp","articleSection":["Bitcoin"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cryptomag.finance\/?p=37803","url":"https:\/\/cryptomag.finance\/?p=37803","name":"Bloomberg Analyst Mike McGlone Issues Bitcoin Warning, Says BTC Could Crash \u2018Even Lower\u2019 Than $10,000 - Cryptomag","isPartOf":{"@id":"https:\/\/cryptomag.finance\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=37803#primaryimage"},"image":{"@id":"https:\/\/cryptomag.finance\/?p=37803#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Bitcoin-Pre-Halving-Rally-btEKq8.webp","datePublished":"2026-03-11T09:15:00+00:00","author":{"@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"breadcrumb":{"@id":"https:\/\/cryptomag.finance\/?p=37803#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptomag.finance\/?p=37803"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptomag.finance\/?p=37803#primaryimage","url":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Bitcoin-Pre-Halving-Rally-btEKq8.webp","contentUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Bitcoin-Pre-Halving-Rally-btEKq8.webp","width":1024,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/cryptomag.finance\/?p=37803#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptomag.finance\/"},{"@type":"ListItem","position":2,"name":"Bloomberg Analyst Mike McGlone Issues Bitcoin Warning, Says BTC Could Crash \u2018Even Lower\u2019 Than $10,000"}]},{"@type":"WebSite","@id":"https:\/\/cryptomag.finance\/#website","url":"https:\/\/cryptomag.finance\/","name":"Cryptomag","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptomag.finance\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040","name":"Crypto Magazine","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","caption":"Crypto Magazine"},"sameAs":["https:\/\/cryptomag.finance","https:\/\/x.com\/cryptomagz"],"url":"https:\/\/cryptomag.finance\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/37803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37803"}],"version-history":[{"count":0,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/37803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/media\/37804"}],"wp:attachment":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}