✉news BusinessCrypto first seen 17 h ago, last 10 h ago, peak #6
Bitcoin Critics Still Forecast a $10,000 Collapse
Original: Mike McGlone and Peter Schiff Still See Bitcoin at $10,000. It Is $86,093. What Would Have to Happen for Them to Be Right?
Bloomberg's Mike McGlone and gold advocate Peter Schiff remain bearish on Bitcoin, with both still predicting a fall to around $10,000 per coin. Bitcoin is currently trading at about $86,093, more than eight times their forecast. Commentators are debating what would need to happen — such as a deep macro downturn, regulatory crackdowns or mass exchange failures — for those long-standing bearish calls to come true.
Why now: The gap between Bitcoin's price and the persistent $10,000 predictions from prominent bears is reigniting debate about whether the skeptics can ever be right.
Mike McGlonePeter SchiffBitcoinBloomberg
Evidence
- Mike McGlone and Peter Schiff Still See Bitcoin at $10,000. It Is $86,093. What Would Have to Happen for Them to Be Right? · 24/7 Wall St.
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