Bloomberg analyst who predicted $10K BTC revises target to $28K

Mike McGlone, a senior macro strategist at Bloomberg Intelligence who previously forecast that Bitcoin could collapse to $10,000, has revised his downside target to $28,000, CoinDesk reported. McGlone had faced criticism for his $10,000 prediction, with some arguing it could excessively stoke fear and negatively impact capital flows. In his new analysis, he stated that a drop to $28,000 is more likely than a plunge to $10,000, adding that investors should remain cautious about buying risk assets, including BTC.