Bloomberg Intelligence Senior Commodity Strategist Mike McGlone believes that a major shift in the crypto market is underway, including a “turnaround” led by stablecoins.
McGlone he says Bitcoin (BTC) will also see record lows, potentially dropping to $10,000 by 2026 as the broader market changes.
“The possibility of $ 10,000 Bitcoin in 2026. Prove me wrong – stay above $ 75,000. Before the biggest money pump in the history of 2020-21, Bitcoin was hovering around $ 10,000, and maybe it’s going back. Around $ 10,000 is also the first birth of the most bought crypto because 20 was sold so much because now there is 20 price sold. millions of cryptos, with only a small tangible value – mostly stablecoins.
Crypto dollars represent the most stable trend in the space, with rising assets under the control of dollar signs, led by Tether. Unlimited cryptocurrencies and competitors used by Bitcoin. “
McGlone argues that the rapid growth of the digital economy is creating pressure on Bitcoin, even if it is sustainable.
“I expect the “turnaround” to continue, with Tether’s AUM above Ethereum in 2026 and eventually Bitcoin.
The expert also cites macroeconomic risks, including the possibility of a downturn in the stock market and unsustainable growth, as a factor that could weigh on crypto prices.
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