TechFlow news, December 29 — Bloomberg analyst Mike McGlone posted on social media last night indicating that bitcoin's price could fall to $50,000 by 2026, and might subsequently drop to $10,000. McGlone believes 2025 may mark the price peak for bitcoin and cryptocurrencies. He noted that gold has only three major precious metal competitors: silver, platinum, and palladium. In contrast, bitcoin, as the first cryptocurrency, now faces competition from millions of digital assets.
Bitcoin is currently trading at around $88,000, down 30% from its all-time high of approximately $126,000 reached in October.
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