Have they completely lost it?
Bloomberg analyst Mike McGlone believes that crypto is a bubble. According to him, if the stock market enters a bearish phase, Bitcoin could crash to $10k in the worst-case scenario. Even if there’s just a capital shift toward gold, he expects BTC to drop to $56k.
He claims that Trump is being irresponsible with the market and is essentially "killing" the country's economy — a sentiment shared by many other analysts.
People are also frustrated with Vitalik Buterin for his "untimely" comments about Ethereum. He recently stated that the project doesn't belong to him and that everything depends on the community. Add some recent sell-offs to the mix, and investors are feeling a bit shaky. But overall, things are still fine, and Vitalik is doing his thing.
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