Bitcoin to $10K? Bloomberg Analyst Warns of Brutal Scenario if Stocks Slide 20%

Bloomberg Intelligence analyst Mike McGlone warned that Bitcoin could fall toward $10,000 if a sharp, roughly 20% decline in stocks triggers broader risk-asset selling. The scenario is a downside warning, not a forecast, and reflects Bitcoin’s sensitivity to worsening macro conditions and tighter liquidity. A stock-market slump could therefore intensify Bitcoin’s losses, though the cited report offers no certainty that this outcome will occur.