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Battle of the Bitcoin Prophets: $10K Crash vs $250K Moon Shot 🚀
Bloomberg strategist Mike McGlone just dropped a chilling take: Bitcoin could crater from $110K back to $10K. His reasoning? BTC is way too stretched compared to gold and the S&P 500—classic bubble behavior waiting for a “normal reversion.” He’s eyeing the Bitcoin/gold ratio dropping from 35 to 25, suggesting commodities might be rotating downward.
But hold up. Tim Draper’s still doubling down on $250K by year-end, betting that institutional FOMO is just getting started. Banks and companies that mocked Bitcoin two years ago are now scrambling to custody it. “It’s becoming irresponsible NOT to own Bitcoin,” he tweeted.
So we’ve got the ultimate clash: McGlone sees mean reversion carnage, Draper sees institutional adoption rocket fuel. One thing’s clear—the next move in BTC will either vindicate the bears or make them look silly.
Which side are you on? 👀