Bloomberg analyst: Bitcoin may fall to $10,000, the market needs to undergo a complete "reset"

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ODAILY
04-08
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Planet Daily News: Bloomberg senior strategist Mike McGlone said in an interview that Bitcoin may drop significantly to $10,000 due to continued global market sell-offs and overvaluation. He pointed out that crypto assets, including Dogecoin, are experiencing a serious bubble, and the entire industry needs to be "purified" like the burst of the internet bubble. McGlone warned that the current "digital gold" narrative of Bitcoin is undergoing a stress test, and ETF investors are "learning the hard way" that they are buying not gold, but highly volatile leveraged assets. He believes that market reset is inevitable, and investors should prepare for long-term recovery rather than a quick rebound. (Cointelegraph)

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