{"id":94341,"date":"2026-02-16T21:19:20","date_gmt":"2026-02-16T18:19:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94341"},"modified":"2026-02-16T21:20:23","modified_gmt":"2026-02-16T18:20:23","slug":"bloomberg-analyst-reaffirms-10000-bitcoin-forecast","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bloomberg-analyst-reaffirms-10000-bitcoin-forecast\/","title":{"rendered":"Bloomberg Analyst Reaffirms $10,000 Bitcoin Forecast"},"content":{"rendered":"<p>In 2026, the price of the leading cryptocurrency could plummet to $10,000, heralding a recession in the US economy, according to Mike McGlone, a senior commodity strategist.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Collapsing Bitcoin\/Cryptos May Guide the Next Recession \u2014 <\/p>\n<p>&#8220;Healthy Correction&#8221; 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&#8217;s why: <\/p>\n<p>\u2014 US stock\u2026 <a href=\"https:\/\/t.co\/fPPc2fV3EU\">pic.twitter.com\/fPPc2fV3EU<\/a><\/p>\n<p>\u2014 Mike McGlone (@mikemcglone11) <a href=\"https:\/\/twitter.com\/mikemcglone11\/status\/2023108014824173698?ref_src=twsrc%5Etfw\">February 15, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We should soon hear from stock market analysts (who risk losing their jobs if they don&#8217;t support this) about a healthy correction following the collapse of cryptocurrencies. The &#8216;buy the dips&#8217; mantra that has been in place since 2008 may no longer be relevant,&#8221; the expert wrote.<\/p>\n<\/blockquote>\n<p>He cited several factors reflecting an elevated level of risk:<\/p>\n<ul class=\"wp-block-list\">\n<li>The ratio of stock market capitalization to US GDP is at a century-high peak;<\/li>\n<li>The 180-day volatility of key indices S&#038;P 500 and Nasdaq 100 is at its lowest in the past eight years;<\/li>\n<li>Euphoria regarding Donald Trump&#8217;s crypto policy is waning \u2014 &#8220;the bubble is bursting&#8221;;<\/li>\n<li>Gold and silver are rising at a pace last seen about half a century ago, and a spike in their volatility could impact other markets.<\/li>\n<\/ul>\n<p>McGlone presented a chart comparing the dynamics of the S&#038;P 500 and the price of Bitcoin (divided by 10). Both indicators fluctuate below 7,000 points. In his view, the cryptocurrency, heavily reliant on <span data-descr=\"a measure of market risk and asset volatility relative to the overall market\" class=\"old_tooltip\">beta coefficient<\/span>, is unlikely to hold at this level when the metric weakens for stocks.\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>The analyst set 5,600 as the target for an &#8220;initial normal return&#8221; of the index. For Bitcoin, this translates to $56,000.<\/p>\n<p>Further, according to his base scenario, the digital asset could retreat to the $10,000 mark depending on the peak of the US stock market.<\/p>\n<p>In December, McGlone <a href=\"https:\/\/forklog.com\/en\/news\/analyst-warns-bitcoin-could-fall-to-10000-in-2026\">first warned<\/a> that Bitcoin might fall to this level. At that time, the quotes were above $86,000. The expert noted that a likely crash of high-risk assets like cryptocurrencies would trigger an economic recession in the United States.<\/p>\n<p>In early February, McGlone <a href=\"https:\/\/forklog.com\/en\/news\/bernstein-predicts-a-60000-floor-for-bitcoin\">reiterated his forecast<\/a>. Bitcoin was already trading near $79,000 and subsequently fell below this mark.<\/p>\n<p>Digital gold has depreciated by nearly 23% since the beginning of the year. February, with a current figure of -14%, could become the fifth consecutive month of cryptocurrency decline.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-77518da7955c13d6-6481756732570002.webp\" alt=\"image\" class=\"wp-image-275251\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coinglass.com\/today\">CoinGlass<\/a>.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">McGlone&#8217;s Scenario Questioned\u00a0<\/h2>\n<p>AdLunam co-founder and market analyst Jason Fernandes, in a comment for <a href=\"https:\/\/www.coindesk.com\/markets\/2026\/02\/16\/bitcoin-s-slide-may-signal-broader-market-trouble-and-a-u-s-recession-mike-mcglone-says\">CoinDesk<\/a>, noted that the Bloomberg Intelligence strategist&#8217;s thesis suggests:\u00a0<\/p>\n<ul class=\"wp-block-list\">\n<li>Market extremes must resolve through a general collapse;<\/li>\n<li>Bitcoin&#8217;s beta coefficient guarantees a proportional crash.<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This is a false comparison and a bias oriented towards a single development path. Markets can also eliminate excess over time through rotation or inflation reduction,&#8221; the expert stated.<\/p>\n<\/blockquote>\n<p>According to Fernandes, a slowdown at the macroeconomic level could lead to consolidation or restructuring of cryptocurrency in the $40,000-50,000 range.<\/p>\n<p>A plunge to $10,000 would likely require a &#8220;truly systemic event&#8221; that leads to a sharp liquidity contraction, widening credit spreads, forced fund deleveraging, and an uncontrolled stock collapse.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This implies a recession plus financial stress, not just a growth slowdown. In the absence of a credit shock or policy mistake that depletes global liquidity, such a collapse remains an unlikely risk factor,&#8221; he emphasized.<\/p>\n<\/blockquote>\n<p>Earlier, K33 Research analysts suggested that Bitcoin&#8217;s drop on February 6 <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-tests-60000-support-triggering-billion%e2%80%91dollar-liquidations\">to $60,000<\/a> marked a local bottom before a consolidation phase. However, CryptoQuant <a href=\"https:\/\/forklog.com\/en\/news\/cryptoquant-sees-scant-evidence-of-a-bitcoin-bottom\">questioned the end of the correction<\/a>.<\/p>\n<p>Standard Chartered allowed for a dip in digital gold <a href=\"https:\/\/forklog.com\/en\/news\/standard-chartered-predicts-bitcoin-drop-to-50000-before-rebound\">to $50,000<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2026, the price of the leading cryptocurrency could plummet to $10,000, heralding a recession in the US economy, according to Mike McGlone, a senior commodity strategist.<\/p>\n","protected":false},"author":1,"featured_media":94342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin could drop to $10,000 by 2026, signaling a US recession, says Mike McGlone.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1138],"class_list":["post-94341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"357","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin could drop to $10,000 by 2026, signaling a US recession, says Mike McGlone.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=94341"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94341\/revisions"}],"predecessor-version":[{"id":94343,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94341\/revisions\/94343"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/94342"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=94341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=94341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=94341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}