{"id":79485,"date":"2026-04-06T19:01:32","date_gmt":"2026-04-06T19:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=79485"},"modified":"2026-04-06T19:01:32","modified_gmt":"2026-04-06T19:01:32","slug":"bitcoin-is-going-to-10000-says-bloomberg-analyst-but-others-call-it-rage-bait","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=79485","title":{"rendered":"Bitcoin Is Going To $10,000, Says Bloomberg Analyst \u2014 But Others Call It &#8216;Rage Bait&#8217;"},"content":{"rendered":"<div>\n<p>Bloomberg commodity analyst <strong>Mike McGlone<\/strong> stands by his $10,000 <strong>Bitcoin<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) prediction despite pushback from analysts who called the forecast \u201crage bait,\u201d arguing the math doesn\u2019t work unless holders believe the asset will fail.<\/p>\n<h3 class=\"wp-block-heading\">The $10,000 Call<\/h3>\n<p>McGlone bases his prediction on normal mean reversion patterns seen in commodities.\u00a0<\/p>\n<p>He points to crude oil\u2019s typical cycle from $120 to $40 and applies similar logic to Bitcoin, expecting a drop to $10,000 as part of a broader market downturn where the <strong>S&amp;P 500 <\/strong><a href=\"https:\/\/www.benzinga.com\/quote\/SPY\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"SPY\" data-exchange=\"ARCA\" rel=\"noopener\">(NYSE:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/SPY\">SPY<\/a>) falls 50-60%.<\/p>\n<p>\u201cThis is not a simple micro view where my math is wrong,\u201d McGlone said. \u201cI\u2019m just pointing out normal reversion.\u201d\u00a0<\/p>\n<p>He argues Bitcoin faces unlimited competition from other cryptocurrencies and exhibits volatility multiples above the S&amp;P 500, making it unsuitable as a store of value.<\/p>\n<p>McGlone expects crude oil to hit $50 by midterms, natural gas to stay depressed at $2.84 &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/04\/51666502\/bitcoin-is-going-to-10000-says-bloomberg-analyst-but-others-call-it-rage-bait?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitcoin\" is going to says bloomberg analyst but others call it bait>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg commodity analyst Mike McGlone stands by his $10,000 Bitcoin (CRYPTO: BTC) prediction despite pushback from analysts who called the forecast \u201crage bait,\u201d arguing the math doesn\u2019t work unless holders believe the asset will fail. The $10,000 Call McGlone bases his prediction on normal mean reversion patterns seen in commodities.\u00a0 He points to crude oil\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-79485","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/79485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79485"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/79485\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}