๐จ Bitcoin Price May Drop to $70,000 โ Analyst Warns! ๐จ
๐น Mike McGloneโs Prediction ๐
Bloomberg's senior commodity strategist, Mike McGlone, has forecasted that Bitcoin's price could fall to $70,000 in the near future.
๐น Fear Grips the Market ๐จ
Despite excitement over the U.S. creating a strategic Bitcoin reserve, the market has once again entered a phase of extreme fear.
๐น $BTC vs. Gold Ratio โ๏ธ
The Bitcoin-to-gold ratio stands at 28X, meaning one Bitcoin is worth 28 ounces of gold.
McGlone predicts Bitcoin may underperform further, pushing the ratio down to 21X.
๐ญ Whatโs your take on this prediction? Will Bitcoin bounce back or fall further? ๐
