[Bloomberg Strategist: Bitcoin May Drop to $10,000 by 2026] Bloomberg Intelligence Senior Commodity Strategist Mike McGlone has warned that Bitcoin faces an 88% plunge risk to $10,000, predicting it could reach this level by 2026. McGlone stated that Bitcoin surpassing $100,000 might trigger a cycle leading to a pullback to $10,000. McGlone believes that a reversal in wealth creation will drive the next economic recession, primarily fueled by the collapse of highly speculative digital assets with unlimited supply. Currently, Bitcoin's price is fluctuating around $90,000, down 30% from the all-time high of $126,000 set in October.