Bitcoin at $126K or $10K? The Great Prediction Battle Between McGlone and Peterson

If you’ve followed Bitcoin analysts for any length of time, you’ve probably noticed that the loudest voices are rarely in agreement. Some predict a new golden age for BTC, while others warn of an apocalyptic crash. Two analysts currently at odds are Mike McGlone, Bloomberg’s senior commodity strategist, and Timothy Peterson, a network economist with a strong track record in price modeling. Their latest predictions? One of them says Bitcoin will crash to $10,000 (an 88% drop), while the other believes it will skyrocket to $126,000 by June 2025.

So, who has the better track record? And more importantly, who is wrong more often? Let’s break it down.

McGlone has made a name for himself by throwing out shockingly bearish predictions, often rooted in macroeconomic doom-and-gloom scenarios. His latest take? If the S&P 500 declines by 6%, Bitcoin could collapse to $10,000. He argues that investors are rotating into gold instead of Bitcoin and that the current ETF-driven hype could mirror the dot-com bubble burst of the early 2000s.