Bitcoin Is Rallying — So Why Is McGlone Still Bearish? Proof of Thesis
CointelegraphMike McGlone is still bearish on Bitcoin — and he’s not backing away from his controversial $10K call. In this interview, McGlone explains why Bitcoin’s latest rally hasn’t changed his long-term thesis, why he believes the fundamentals still present major headwinds, and what could happen when the S&P 500 finally faces a major correction. He also breaks down why Bitcoin and gold are increasingly behaving like “stock puppets,” why 5% Treasury yields matter, and what would actually make him reconsider his bearish Bitcoin thesis. TIMESTAMPS 00:00 Is Bitcoin Still Heading to $10K? 01:15 Are Bitcoin’s Best Days Already Over? 03:35 The Real Bitcoin Test Hasn’t Happened Yet 05:51 Don’t Believe the Bitcoin Rally? 07:14 Is $100K Now a Sell? 08:11 Why Bitcoin & Gold Are “Stock Puppets” 10:37 Has Gold Lost Its Safe-Haven Status? 11:35 The Macro “Endgame” 13:34 What Would Kill the $10K Bitcoin Thesis? 15:35 Inflation, Deflation & the Bitcoin Case 17:24 What Happens If Stocks Drop 20%? 18:10 “The Glory Days Are Over” 19:40 The Trigger for the Next Big Trade #Bitcoin #BTC #MikeMcGlone #Crypto #BitcoinPrice #Cryptocurrency #Investing #Markets #StockMarket #Macro #Gold #FederalReserve Follow COINTELEGRAPH: Website: https://cointelegraph.com/ Telegram: https://t.me/cointelegraph Facebook: https://www.facebook.com/cointelegraph Twitter: https://twitter.com/cointelegraph Mobile app: https://linktr.ee/cointelegraph_mobile Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.