Bloomberg Senior Commodity Strategist Майк МакГлоун recently expressed his views, issuing a warning about the Bitcoin market outlook. According to the latest data, Bitcoin is currently priced at $67,550, down approximately 46% from its all-time high of $126,080. Майк МакГлоун believes that Bitcoin may continue to decline to around $10,000, which would represent a drop of over 87% from its all-time high.

This Bloomberg strategist compared the current market conditions to the 2008 global financial crisis, noting that stocks, gold, and cryptocurrencies are all showing a synchronized downward trend. He believes that the correlated decline across multiple asset classes indicates that the market is in a broad risk-averse cycle. Майк МакГлоун's forecast is based on historical cycle analysis and current technical performance.

However, some investors see this extreme downward scenario as an opportunity for long-term positioning. After panic emotions subside, markets often rebound, and investors can look for potential recovery opportunities in assets like BTC, MORPHO (current price $1.10), and ZAMA (current price $0.02).