through an article he published on his social networks, McGlone raised the possibility of a drastic crash in the price of BTC, bringing it down to the mark of $10,000, in a much more cautious view of the immediate future of the cryptocurrency.

According to the Bloomberg expert, the perception of Bitcoin as a "digital gold" or a safe haven has decreased considerably. Instead of replicating the behavior of precious metals, Bitcoin's current performance increasingly resembles that of the S&P 500 index, he indicated.