Bloomberg Intelligence senior commodity strategist Mike McGlone, who previously predicted that bitcoin could drop to $10,000, is reiterating his call that it could still fall below this level, an outlook several market analysts believe would require an extreme macroeconomic shock. McGlon's prediction was met with rebuttals from several market analyst, including Mati Greenspan, founder and CEO of Quantum Economics. They said a drop to the $10k level would require a global liquidity crisis, a nuclear war, and the internet to stop working. Mcglone based his analysis on macroeconomic conditions and noted that bitcoin has increasingly traded with other speculative assets as institutional participation in crypto markets has grown. He also warned that bitcoin may remain vulnerable if global risk assets reprice sharply.