Oleg Ogienko, A7A5’s public face, sees the ruble-pegged stablecoin as a fast-growing trade railroad designed to move money across borders despite the pressure of sanctions.
updated February 16, 2026 9:53 pm Published February 16, 2026 5:58 pm
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Mike McGlone says Bitcoin could fall to $10,000 as risk of U.S. recession grows
McGlone linked Bitcoin’s downturn to a record high ratio of U.S. market capitalization to GDP, lower stock market volatility and rising gold prices, warning that Bitcoin could spread to the stock market.
what to know:
- Bloomberg Intelligence strategist Mike McGlone warned that the plunge in cryptocurrency prices and Bitcoin’s possible fall to $10,000 could signal growing financial stress and portend a U.S. economic recession.
- McGlone believes the post-2008 “buy the dip” era may be ending as cryptocurrencies weaken, stock market valuations are near century highs relative to GDP, and equity volatility remains unusually low.
- Market analyst Jason Fernandes countered that a drop to $10,000 for Bitcoin would likely require a severe systemic shock and recession, calling such an outcome a low-probability tail risk compared to a milder reset or consolidation.
