While the crypto market is attempting to establish itself in a new cycle, Senior Strategist at Bloomberg Intelligence Mike McGlone has published an updated Bitcoin price outlook. His key thesis remains unchanged: Bitcoin retains the risk of returning to the $10,000 level — a level the analyst calls a “fundamental anchor.”

McGlone’s argument is based on mathematical regression. The $10,000 level is not just a psychological mark but the most traded price zone since the launch of Bitcoin futures in 2017. 

Why McGlone brought up $10,000 Bitcoin (BTC) price target

According to the strategist, the anomalous growth of 2020-2021 was driven by the “greatest monetary expansion in history.” Now that excess liquidity has left the markets, BTC may gravitate toward its natural mean — where it stood before the 2020s began.

HOT Stories Stellar (XLM) Outpaces Ripple and XRP in RWA Tokenization Race, 32 Billion SHIB Withdrawn as Shiba Inu Coin Exchange Exodus Resumes, Apple Futures Now Live on Binance: Morning Crypto Report 'Living Rent-Free': Ripple CEO Fires Back at Avalanche Founder

Bitcoin and S&P 500 Chart, Source: Mike McGlone

 

McGlone draws a hard line between Bitcoin and the rest of the market. As of April 2026, there are millions of crypto assets in existence, but the strategist emphasizes that the overwhelming majority of tokens have no real backing, and the only segment of the industry demonstrating real utility is stablecoins.

Therefore, in the current economic uncertainty of 2026, investors are increasingly choosing gold, leaving Bitcoin in the category of “high-risk assets with a high beta coefficient.”

You Might Also Like
Thu, 04/02/2026 - 10:24 XRP Confirms Monthly Trend Shift vs. Bitcoin: Why 41% Drop Is Now Base CaseByGamza Khanzadaev

Despite the fact that Bitcoin is currently trading significantly above the projected minimum, the Bloomberg report serves as a reminder of the risks of a “bubble burst.”

McGlone warns that if the stock market, particularly the S&P 500, faces a prolonged recession, crypto assets — as the most speculative segment — will suffer first. In this context, a return to $10,000 would simply represent a cleansing of the market from excess speculation.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。