Quantum Economics founder says nuclear war needed for BTC to hit $10K

Mati Greenspan, founder and CEO of Quantum Economics, has pushed back against predictions that Bitcoin could crash to $10,000, a possibility recently raised again by Bloomberg Intelligence senior macro strategist Mike McGlone. Greenspan argued that for Bitcoin's price to fall that low, an event on the scale of a nuclear war would be necessary. According to CoinDesk, Greenspan stated that analysts often get swayed by short-term macroeconomic shifts and extrapolate them into absurd conclusions. He emphasized that Bitcoin, with its daily trading volume in the tens to hundreds of billions of dollars, would only plummet to $10,000 under extreme circumstances such as a global liquidity crisis, nuclear war, or a shutdown of the internet. McGlone has previously forecasted a drop to $10,000 before later revising his downside target to $28,000.