Bloomberg Intelligence analyst keeps prediction for bitcoin to fall to $10,000

From sherwood.news

In an interview with Ellio Trades, Bloomberg Intelligence analyst Mike McGlone reiterated his prediction that bitcoin will crater to $10,000. McGlone said the correlation between bitcoin and all risk assets is much more significant than it was a few years ago. On Thursday morning, bitcoin was flat, still stuck in the $70,000 range. “My point is, if you’re buying any type of cryptos now, you have to hope the stock market goes up. And it’s been — cryptos have been trading horribly versus stocks for almost two years now. Good luck for that to change,” McGlone said in the interview. However, several experts ... (full story)