Bloomberg Analyst Predicted $10,000 Bitcoin. He Got Roasted So Hard He Doubled It to $28,000. Bitcoin Is at $72,000.

Mike McGlone, a senior strategist at Bloomberg Intelligence, released an analysis warning that bitcoin could crash to $10,000 as part of a broader market collapse. Within 48 hours, crypto analysts on X and LinkedIn were tearing him apart. Mati Greenspan of Quantum Economics called it "literally nonsense," noting that an asset with trillions in monthly trading volume crashing to a $200 billion market cap was mathematically absurd. Another analyst, Jason Fernandes, challenged McGlone to a public debate (McGlone liked the LinkedIn post but declined the challenge). Faced with the backlash, McGlone quietly shifted his target to $28,000, framing it as "more probable based on historical price distribution." A month later, Bitcoin sits at $72,500 — not exactly spiraling toward either target. Sometimes the best strategy is to make an outlandish call, then walk it back to something slightly less outlandish and hope everyone forgets the original prediction.