Bloomberg analysts: Bitcoin may drop to $50,000 in 2026, then fall to $10,000

Bloomberg analyst Mike McGlone posted on social media last night that the price of Bitcoin could drop to $50,000 in 2026, and then possibly fall to $10,000. McGlone believes that 2025 may mark the peak price for Bitcoin and cryptocurrencies. He pointed out that gold has only three main competitors among precious metals: silver, platinum, and palladium. In contrast, Bitcoin, as the first cryptocurrency, now faces competition from millions of digital assets.

The current price of Bitcoin is about $88,000, down 30% from its historical high of about $126,000 set in October.