Bloomberg analyst says a U.S. stock retreat of 20%，BTC could test 10000 USD; Darkfost disagrees
BIBIBI
AT A GLANCE
The analysts hold opposing views on whether Bitcoin could fall to 20%if U.S. stocks retreat 10000 USD.
Article
⚡️Bloomberg analyst sounds alarmist: If U.S. stocks retreat 20%, Bitcoin may head toward 10000 USD support level
BlockBeats reports that October 17, Bloomberg senior commodity strategist Mike McGlone stated in a post yesterday that if U.S. stocks retreat 20%, Bitcoin could head toward 10000 USD support level. “Since 2009 years, the first cryptocurrency to emerge (BTC) has led the rally in risk assets, but Bitcoin’s 2025 breakthrough of 100000 USD peak, gold rising to 5,000 USD or above in the first quarter, and most central banks shifting to a cautious stance amid surging government bond yields may signal the endgame.”
In response, crypto analyst Darkfost argued that even if U.S. stocks experienced a 20%-level retreat, there has historically been no decline sufficient to correspond to BTC falling approximately 92%from its high; therefore, he considers this price target “highly unlikely.”
Original link https://m.theblockbeats.info/flash/372361
Key points
01
BlockBeats reports that Bloomberg senior commodity strategist Mike McGlone stated that if U.S. stocks retreat 20%, Bitcoin could head toward 10000 USD support level.
02
Mike McGlone noted that Bitcoin broke through its 2025 peak in 100000 USD, while gold rose to 5,000 USD or above in the first quarter.
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Mike McGlone also noted that most central banks have shifted to a cautious stance while government bond yields have surged.
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Crypto analyst Darkfost argued that there has historically been no decline sufficient to correspond to BTC falling approximately 92%from its high.
05
Darkfost believes that 10000 USD’s price target is “highly unlikely.”
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This has not already occurred; it is a hypothetical: if U.S. stocks fall 20%, would Bitcoin fall to 10000 USD? Mike McGlone believes this is possible, while Darkfost counters with historical declines.
Why it matters to readers
The disagreement reflects market participants’ differing views on the extent to which Bitcoin and risk assets could decline in tandem, but the article does not establish that the scenario will necessarily occur.
Beginners should regard 10000 USD as a conditional price assessment proposed by analysts, rather than a certain target or an established fact; they can continue to monitor the actual retreat in U.S. stocks and BTC performance over the same period.
Risks and unknowns
The U.S. stock retreat 20%is only a premise; the article does not state that the retreat has already occurred.
Bitcoin falling to 10000 USD is merely a forecast and has not yet been verified.
The article does not provide a specific time frame for the forecast to materialize.
The article does not provide complete historical data supporting or refuting this price target.
The analysts’ views conflict, so the article alone cannot establish which is more accurate.
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