Bloomberg strategist doubles down on $10,000 bitcoin call but peers say it would take a nuclear war to get there

The longtime bitcoin bear's gloom-and-doom call met with fierce rebuttal from industry analysts. What to know : Bloomberg strategist Mike McGlone is reiterating his bearish call that bitcoin could fall below $10,000, arguing the crypto market remains in a prolonged macro-driven unwind. Several analysts dispute the likelihood of such a steep drop, saying a move to $10,000 would likely require an extreme global liquidity crisis or other extraordinary shock. While some market watchers see room for further downside, they generally expect bitcoin to drift lower or trade in a wide range rather than collapse, and some argue the major bear-market bottom may already be in.