Bloomberg analyst: Bitcoin may fall to $50,000 in 2026, then drop to $10,000
According to TechFlow, on December 29, Bloomberg analyst Mike McGlone posted on social media last night stating that the price of bitcoin could fall to $50,000 in 2026, and may subsequently drop to $10,000. McGlone believes that 2025 could mark the price peak for bitcoin and cryptocurrencies. He pointed out that gold has only three major precious metal competitors: silver, platinum, and palladium. In contrast, as the first cryptocurrency, bitcoin now faces competition from millions of digital assets.
The current price of bitcoin is about $88,000, which is a 30% drop from the historical high of around $126,000 set in October.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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