CNBC’s Squawk Box recently hosted Tom Lee, Fundstrat expert and Bitcoin bull, who suggests Bitcoin may soon catch up to gold prices. This view stems from a belief that deleveraging, a period of significant financial institution selling off their holdings including Bitcoin, has concluded. As the market recovers, BTC’s price is poised to surge higher as it breaks through the $87,000 mark, even surpassing its peak recently. Mike McGlone, Bloomberg Intelligence’s senior commodity strategist, paints a starkly contrasting picture. He predicts Bitcoin will crash to $10,000 and sees deflationary recession shaping stock market and commodities trends. McGlone believes the S&P 500 would collapse to 4,032 and crude oil could drop to $40 per barrel, as well as copper and corn prices falling to near zero in this bleak scenario.