Bitcoin Could Plummet to $10K as S&P 500 Nears 20% Crash
Bloomberg Intelligence strategist Mike McGlone warns that Bitcoin could fall to $10,000 if the S&P 500 experiences a prolonged 20% decline.
The potential downturn in Bitcoin is linked to a sustained drop in the broader U.S. stock market, according to McGlone's assessment.
A prolonged 20% drawdown in the S&P 500 would be the specific trigger for this scenario, not a current event or prediction.