A commodity strategist has warned that Bitcoin’s (BTC) recent surge, which started in late 2024, may be losing momentum despite market expectations for a continued rally toward $100,000.
Bloomberg Senior Commodity Strategist Mike McGlone warned that Bitcoin could experience a major correction toward $10,000, comparing its current trajectory to past speculative bubbles, he said in an X post on March 14.
Peak crypto bubble vs gold ETF. Source: Bloomberg Intelligence
McGlone cited several factors that could weigh Bitcoin’s price, including rising gold prices, shifts in risk sentiment, and broader macroeconomic conditions.
In particular, gold has climbed 15% in 2025, while Bitcoin dropped by the same percentage. The specialist claimed that this inverse link emphasizes the changing demand for risk assets compared to conventional safe-havens.
Notably, on March 14, gold crossed the $3,000 mark for the first time as investors sought cover from the economic uncertainty gen
We współpracy z: https://finbold.com/commodity-strategist-warns-bitcoin-could-drop-to-10000/
