Mike McGlone

Mike McGlone

Markets

Mike McGlone softens bitcoin downside target to $28,000 after backlash over $10,000 call

Market analysts said the extreme downside scenario risked influencing real capital flows, prompting a heated public debate over bitcoin’s macro outlook.

Bear. (Photo by Sean Benesh on Unsplash/Modified by CoinDesk)

Markets

Bitcoin could fall to $10,000 as U.S. recession risk builds, Mike McGlone says

McGlone links bitcoin’s downturn to record U.S. market cap-to-GDP levels, low equity volatility and rising gold prices, warning of potential contagion into stocks.

Bitcoin bus (Photo: Olivier Acuna/Modified by CoinDesk)

Markets

Bitcoin’s Still a Buy, Despite Tesla, Says Bloomberg’s McGlone

Will the man who forecast bitcoin's price rise to $50K last year be heeded or ignored?

Some bitcoin mining facilities rely on coal-sourced energy outside of the rainy season.

Markets

DOGE Army Retreats, Tail Between Legs, as Dogeday Ends With 21% Drop

The DOGE frenzy appears to have spread to decentralized finance, where several imitator tokens have chalked up staggering single-day gains.

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Markets

Grayscale Discount Might Signal Start of Fresh Bitcoin Rally, Bloomberg's McGlone Says

Far from a signal of distress, a negative level on the "Grayscale premium" might signal a market reset for a fresh bitcoin rally.

Bloomberg Intelligence chart of the "Grayscale premium" versus CME bitcoin futures premium.