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 said his ... (full story)