Key facts: McGlone sees $10K; JPMorgan 10%; Schiff urges sales
Bloomberg Intelligence strategist Mike McGlone reiterated his BTCUSD forecast of about $10,000, first made in early 2025 when Bitcoin topped $100,000. It hinges on an roughly 20% S&P 500 decline.JPMorgan forecasts Bitcoin to return 10% annualized over 10–15 years, with 55% volatility and 33% correlation to large-cap U.S. stocks. The report notes Bitcoin’s correlations can shift over time.Peter Schiff called the election result a setback for Bitcoin, tied BTC’s performance to support for Donald Trump, and urged holders to sell.This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.