An analyst revealed on Friday that Bitcoin might suffer a 91% decline from the coin\u2019s all-time high of $109,000 per coin in January 2025, suggesting that the most popular cryptocurrency could potentially crash.\u00a0<\/p>\n
Mike McGlone believes that the firstborn crypto might plummet to a low of $10,000 per coin, reigniting concerns that Bitcoin might experience another deep correction similar to 2011 when Bitcoin<\/a> dipped by as much as 92%.<\/p>\n McGlone, a Senior Commodity Strategist at Bloomberg Intelligence, predicted that Bitcoin might be heading to what he described as a devastating collapse, resulting in the crypto sliding to $10,000.<\/p>\n \u201cBitcoin Back to $10,000? Peak Leveraged Beta Risks, Rising Gold \u2013 #Gold is up about the same amount in 2025 to March 13 \u2014 about 15% \u2014 that #Bitcoin is down,\u201d McGlone said.<\/p>\n If Bitcoin will plunge to $10,000, it will represent a 90% decrease from BTC\u2019s all-time high<\/a> of $109,000 in January 2025. On the other hand, it will fall by 88% if based on its current price of about $83,000.<\/p>\n Bitcoin Back to $10,000? Peak Leveraged Beta Risks, Rising Gold \u2013 #Gold<\/a> is up about the same amount in 2025 to March 13 \u2014 about 15% \u2014 that #Bitcoin<\/a> is down. But with Bitcoin at about $80,000, what stops those trajectories? About a 6% decline in the S&P 500 could suggest what\u2026 pic.twitter.com\/aMgL0LANFt<\/a><\/p>\n \u2014 Mike McGlone (@mikemcglone11) March 14, 2025<\/a><\/p>\n\n The analyst explained that Bitcoin is more likely to face a significant correction that might push it downward to $10,000. Historically, the firstborn crypto experienced a deep correction in 2011 when the BTC declined to 92% from its high at that time.<\/p>\n In an X post, McGlone suggested Bitcoin\u2019s crash to $10,000 may have already started, citing that risk markets are showing signs of overheating while gold rises.<\/p>\n The analyst explained that gold<\/a> has increased by 1% while Bitcoin went down, saying, \u201cBut with Bitcoin at about $80,000, what stops those trajectories?\u201d\u00a0<\/p>\n \u201cAbout a 6% decline in the S&P 500 could suggest what matters. The biggest #ETF launch in history, President Donald Trump\u2019s shift<\/a> to highly volatile and speculative #cryptos, and reelection could prove [a] peak-bubble akin to about 25 years ago,\u201d he added in a post, suggesting that BTC might have reached the peak of a dot-com-style bubble.<\/p>\n Rebuttal Of The Analysis<\/p>\n Many Bitcoin proponents and analysts disagree with McGlone\u2019s analysis, with one crypto analyst, David Weisberger countering the evaluation of the Bloomberg analyst, saying his assessment was flawed.<\/p>\n \u201cWhen one considers an option as an asset, THIS is what happens to one\u2019s analysis. If there was ZERO increase in Bitcoin adoption and IF those who invested thinking Bitcoin will demonetize gold change their minds and IF the stock market correction turns into a rout, and IF \u201cBETA\u201d was stable,\u00a0Then this scenario <\/a>could play out,\u201d Weisberger explained.\u00a0<\/p>\n He argued that the scenario in McGlone\u2019s analysis is unlikely to happen. \u201cI think none of the above will happen with a chance the stock market crashes, which, of course, would trigger a flood of liquidity.\u201d<\/p>\n Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":" An analyst revealed on Friday that Bitcoin might suffer a 91% decline from the coin\u2019s all-time high of $109,000 per coin in January 2025, suggesting that the most popular cryptocurrency could potentially crash.\u00a0 Mike McGlone believes that the firstborn crypto might plummet to a low of $10,000 per coin, reigniting concerns that Bitcoin might experience […]<\/p>\n","protected":false},"author":0,"featured_media":52230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/52229"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52229"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/52229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/52230"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}BTC To Crash To $10K?<\/h2>\n
Has The Crash Begun?\u00a0<\/h2>\n