Famous Bloomberg expert thinks Bitcoin could drop all the way to $10,000
Last Updated on 17 February 2026 by CryptoTips.eu
We’ve heard plenty of Bitcoin doomsday scenarios in recent weeks, but what Mike McGlone, the crypto expert at Bloomberg, predicts is truly record-breaking. He thinks Bitcoin could fall to $10,000, simply because he’s convinced the US stock market is too high and that the bursting of the AI bubble could trigger a recession. If Bitcoin really falls to those levels, virtually all the major Bitcoin mining companies will, of course, be bankrupted.
Inflation
According to McGlone, the so-called “buy the dip” moments are over, as there was essentially no direct cause for Bitcoin’s recent 50% drop (since its ATH of $126,000). McGlone knows what he’s talking about, having been Bloomberg’s most well-known crypto analyst for years.
Collapsing Bitcoin/Cryptos May Guide the Next Recession -
— Mike McGlone (@mikemcglone11) February 15, 2026
"Healthy Correction" is what we should hear soon from stock market analysts (who risk unemployment if not onboard), following collapsing cryptos. The buy the dips mantra since 2008 may be over, here's why:
- US stock… pic.twitter.com/fPPc2fV3EU
He believes we’re entering a deflationary cycle after the inflation levels of recent years (especially since Covid and the war between Ukraine and Russia) have eased off. When inflation declines, he argues, the most speculative assets are usually the first to feel the effects.
He also points to the strong correlation between Bitcoin and technology stocks. This correlation used to be beneficial but is gradually becoming a risk. If the tech sector comes under pressure due to fears of a bubble in AI investments, crypto could fall rapidly.
