Bloomberg Strategist Calls Bitcoin a “Stock-Market Puppet,” Maintains $10,000 Target
Market / Price
Bloomberg commodity strategist Mike McGlone reiterated his prediction that Bitcoin (BTC) could fall to $10,000, calling the cryptocurrency a “complete stock puppet” whose performance remains heavily influenced by US equities. Speaking to Maggie Lake on Welthion recently, McGlone argued that Bitcoin has yet to demonstrate the resilience needed to justify more optimistic expectations.
BTC
Disclaimer: This content is provided via CryptoNews and third-party sources. Tothemoon does not create, verify, or endorse this content and makes no guarantees as to its accuracy. The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. It is provided for informational purposes only and is not investment advice.
