Analyst Predicts Bitcoin Could Drop to $10,000 by 2025

1 min

An analyst predicts Bitcoin may decline by 91% from its all-time high of $109,000 in January 2025 to a potential low of $10,000. This forecast raises concerns of a significant correction similar to the 92% drop in 2011.

Key Points

Mike McGlone from Bloomberg Intelligence estimates Bitcoin could fall to $10,000, marking a 90% drop from the peak.
The current price around $83,000 would represent an 88% decrease if it reaches $10,000.
McGlone links Bitcoin's potential decline to rising gold prices and a possible overheating in risk markets.
He notes that a 6% decline in the S&P 500 could also impact Bitcoin's trajectory.
Some analysts, including David Weisberger, counter McGlone’s view, arguing that his scenario is unlikely based on Bitcoin's adoption and market conditions.

Concerns regarding Bitcoin's stability have resurfaced as historical patterns suggest potential volatility ahead.