Bitcoin top spot at risk as Bloomberg analyst warns of 'hurricane' threat
By Anand Sinha
Published on April 7, 2026.
Bloomberg Intelligence's senior commodity strategist, Mike McGlone, has warned that Bitcoin could drop to $10,000 this year. This comes with another warning that Tether's USDT will overtake Bitcoin and Ether in 2026. McGlon stated that if Bitcoin fails to hold above the $75,000 level, a drop is very likely. He also highlighted a trend in the crypto industry, where over 50% of XRP supply is unprofitable after losing its fourth-largest spot. Despite being the top two cryptocurrencies in terms of market cap, Tether’s USDT is predicted to take over from Bitcoin and even even Ether.
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