What is Mike McGlone's Bitcoin price prediction ?

He sees it dropping to $10,000 this year, an 85% fall from current $70K levels, due to altcoin dilution and market unwind.

Why does McGlone think Tether will beat Bitcoin?

USDT's dollar peg makes it the enduring trend; it's already third-largest by market cap at $184B, dominating trading volumes.

Yes—McGlone flags $75K as key support; sustained break higher invalidates his bear case.

🔗 Crypto & Blockchain

From $70,000 to $10,000—an 85% wipeout. Bloomberg's Mike McGlone isn't mincing words: a hurricane's brewing for Bitcoin.

Fintech Dose Apr 07, 2026 3 min read

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Bloomberg's Mike McGlone predicts Bitcoin could crash to $10K this year, an 85% drop from $70K. 𝕏
Tether's USDT may surpass BTC and ETH as stablecoins dominate amid altcoin purge. 𝕏
ETFs have financialized Bitcoin, reducing excitement but tying it closer to stock market volatility. 𝕏

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Markets. Money. Innovation.

#Bitcoin price crash #Mike McGlone #Tether USDT #bitcoin price prediction #crypto bear market #crypto crash

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Originally reported by Decrypt