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Bloomberg Analyst: Bitcoin May Drop to $50,000 in 2026, Then Fall to $10,000
Bloomberg analyst Mike McGlone stated that Bitcoin's price could drop to $50,000 in 2026, and then potentially fall to $10,000.
McGlone believes 2025 may mark the peak of Bitcoin and cryptocurrency prices.
He pointed out that gold has only three main competitors among precious metals: silver, platinum, and palladium.
In contrast, Bitcoin, as the first cryptocurrency, now faces competition from millions of digital assets. The current Bitcoin price is approximately $88,000, down 30% from the October high of about $126,000.