Bloomberg analyst Mike McGlone believes Bitcoin (BTC) could see a significant drop in price, potentially losing a zero and falling to around $10,000 if risks persist. He made these predictions during an interview with David Lin where he discussed Bitcoin’s correlation with traditional risk assets like the S&P 500 which recently hit a record high. McGlone explained that Bitcoin’s price has risen steadily since its launch, reaching its highest value in 2025. While the recent surge in BTC is noteworthy, he notes that Bitcoin’s increasing relationship to stock market volatility adds to his bearish view, suggesting it might behave like a bubble. He highlighted that historical fluctuations in Bitcoin’s value have included removing zeros multiple times before experiencing sharp corrections during market downturns. According to McGlone, current indicators like potential S&P 500 declines and market cap-to-GDP ratios suggest a looming market reset. This outlook has sparked debate within the crypto industry. While Bitcoin trades well above $10,000 currently, McGlone’s prediction suggests a substantial price decline of nearly 90%. In contrast, firms like Bernstein remain bullish, forecasting a year-end price target of $200,000 due to post-halving effects and increasing ETF demand.