McGlone: Bitcoin Likely Below $84K by Year-End - U.Today

• Will Bitcoin lead the next recession?
• Is $10,000 in the cards? Mike McGlone, Bloomberg Intelligence’s senior commodity strategist with over 25 years in futures trading, argues Bitcoin’s year-end 2025 price below $84,000 could signal risk-off sentiment across stocks and commodities

He believes that the leading cryptocurrency is more likely to end 2025 below the aforementioned level than above $94,000.

Will Bitcoin lead the next recession?

McGlone’s bearish outlook on Bitcoin and broader risk assets emerges as a consistent thread across his commentary over the past month

It is rooted in a confluence of mean-reversion pressures and historical parallels to past downturns

So far, McGlone’s anti-Bitcoin bet has been playing out nicely, with the flagship coin vastly underperforming gold

The Bloomberg analyst views Bitcoin as harbingers of post-inflation deflation

He repeatedly frames the crypto king as a high-beta leader poised to drag the S&P 500 and other speculative assets lower

The Federal Reserve’s easing cycle has failed to stem its slide, which echoes the 2007 stock market peak. Back then, the initial rate cuts preceded a 50% plunge

As reported by U.Today, McGlone recently predicted that BTC could actually lead the next recession

Is $10,000 in the cards?

He has recently predicted that Bitcoin (BTC) could fall back to $10,000 under a severe “bear‑case” scenario

Such an extremely bearish scenario will be possible if macroeconomic stress and structural weakness in crypto continue

Of course, it should be noted that this is just the “worst- case” scenario

However, McGlone does see BTC plunging to $50,000 amid weakening sentiment as a realistic scenario.