Bloomberg Analyst Forecasts Bitcoin Drop to $10,000 by 2026

2025-12-29 18:32

Bloomberg strategist Mike McGlone has predicted that Bitcoin could fall to $10,000 by 2026, citing increased competition from a growing number of digital assets. This forecast comes as Bitcoin currently trades 30% below its October peak, with December seeing $1 billion in ETF selloffs. McGlone also anticipates a broader market downturn in 2026, although some analysts remain optimistic about Bitcoin potentially reaching $200,000. Meanwhile, gold is expected to rise above $5,000 an ounce, suggesting a shift in investor focus towards traditional safe-haven assets.

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