Bitcoin to ‘lose a zero’ and drop to $10,000, warns strategist

Although the cryptocurrency market is anticipating Bitcoin (BTC) to target a new high of around $150,000, a market strategist is warning that the asset might plunge to $10,000. This call comes as Bitcoin struggles with volatility, facing challenges in holding onto the $110,000 support. According to Bloomberg Intelligence senior commodity strategist Mike McGlone, the potential for Bitcoin to drop to $10,000 lies in the fact that it is a risk asset, as he stated in an interview with David Lin, published on September 2. “Bitcoin added a zero source: https://finbold.com/bitcoin-to-lose-a-zero-and-drop-to-10000-warns-strategist/