I noticed an interesting discussion among analytical circles. Mike McGlone raised a rather sharp question about the possibility that Bitcoin could face serious pressure if a recession begins in the U.S. According to his forecast, the price could drop to the level of $10 000.

Basically, here’s the point. When such forecasts are discussed, there is often bias—meaning bias from analysts who view the market through the lens of a single scenario. Everyone sees from their own perspective. McGlone focuses on macroeconomic risks, and that’s a valid observation—the connection between recession and cryptocurrencies indeed exists.

Currently, Bitcoin is trading around $74.5K, and the distance to its potential bottom at $10K is a huge gap. But such scenarios still cannot be ignored, especially considering the volatility of the macroeconomic situation.

Personally, I see a few points in this. First, bias can exist both among bears and bulls—each chooses data that confirms their position. Second, reality is usually more complex than any forecast. Third, if such a scenario truly unfolds, it will be a serious test for the market.

In any case, it’s worth monitoring macroeconomic indicators and not ignoring the risks. The market does not develop in a vacuum, and forecasts like the one McGlone provides help understand what scenarios are actually possible.