Bloomberg Strategist Calls Bitcoin a “Stock-Market Puppet,” Maintains $10,000 Target

Bloomberg commodity strategist Mike McGlone reiterated his prediction that Bitcoin (BTC) could fall to $10,000, calling the cryptocurrency a “complete stock puppet” whose performance remains heavily influenced by US equities. Speaking to Maggie Lake on Welthion recently, McGlone argued that Bitcoin has yet to demonstrate the resilience needed to justify more optimistic expectations. He pointed to its relationship […]