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Mike McGlone warns:
Bitcoin could drop to $10K ⚠️
His view:
• BTC losing its “outperformance edge”
• Increasing correlation with stocks
• No longer acting as an independent asset
Macro thesis:
Overvalued equities → potential correction
→ capital rotates into US Treasuries (safe assets)
Takeaway:
If risk markets fall, BTC may follow
→ extreme downside scenario back on the table
#btc