Bloomberg Intelligence senior macro strategist Mike McGlone predicts a ‘global economic reset’ that could push Bitcoin down to $10,000. McGlone suggests that troubling economic indicators from China, indicating a slowdown in its economy, could be the catalyst for a significant global downturn. Despite the potential drop in price, McGlone still sees Bitcoin as a leading indicator for risk assets and believes it will remain a top-performing asset. However, a global economic reset could hinder its path to reaching $200,000.
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