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McGlone Warns Bitcoin Could "Lose a Zero" Amid Risk Asset Reset

Bloomberg's Mike McGlone compares Bitcoin’s rise to the dot-com bubble, suggesting it may lead the correction of overheated risk assets.

• Main Points:

  • Bold Prediction: McGlone says Bitcoin could “lose a zero” in major drawdown.

  • Historical Parallel: Compares BTC’s surge to Nasdaq’s 2000 tech bubble peak.

  • Risk Cycle Peak: Sees BTC as leader of historic risk-on rally now peaking.

  • Market Divergence: BTC stayed flat while Nasdaq dropped 6% in one day.

  • Safe Haven Debate: Gold and Bitcoin both tested during current market stress.

• Detailed Insights:

  • Speculative Bubble: BTC may mirror past asset manias, says McGlone.

  • Timing Matters: BTC emerged post-2008, could now signal another cycle end.

  • Stock Shakeout: $6.6T wiped from U.S. markets amid global tariff fears.

  • Gold Falls Too: Traditional safe haven also dropped, highlighting volatility.

  • BTC Holding Steady: Stability could fuel narrative shift to "digital safe haven."

Related: Fed’s Stagflation Warning Sparks Bitcoin, Altcoin Jitters

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Crypto Braces for Possible ‘Black Monday,’ Warns Arthur Hayes

Former BitMex CEO Arthur Hayes warns Bitcoin could face a dramatic downturn as market tension builds ahead of Monday's U.S. futures open.

• Main Points:

  • Black Monday Fears: Crypto markets jittery ahead of April 7 U.S. open.

  • Arthur Hayes Alerts: All eyes on 6 p.m. GMT as S&P 500 futures launch.

  • Weekend Calm: Bitcoin remained flat, offering no direction for Monday.

  • Global Timing: Asia’s reaction to U.S. opening could set BTC’s tone.

  • Historical Echoes: Comparison drawn to March 2020 and 1987 crashes.

• Detailed Insights:

  • Fog of War: Hayes says uncertainty clouds short-term Bitcoin outlook.

  • BTC in Limbo: Market lacks weekend signals ahead of volatility window.

  • Macro Pressure: Tariffs and inflation fears amplify systemic risk.

  • Futures Watch: Monday’s S&P 500 open may trigger crypto reaction.

  • Crisis Potential: Not all crashes last—but some mark major turning points.

Related: BlackRock Buys the Dip as Bitcoin Enters ‘Make or Break’ Mode

How Tariffs Could Impact Bitcoin — Directly and Indirectly

Bitcoin isn’t directly exposed to tariffs but could still face pressure from a broader economic downturn. Long-term holders may need patience.

• Main Points:

  • Tariffs Hit Markets: Bitcoin dropped 5.4% as new trade policy rattled investors.

  • No Direct Threat: BTC isn’t used in global trade payments or tariff targets.

  • Mining Costs May Rise: U.S. miners could face higher hardware import prices.

  • Indirect Risks Loom: Recession fears and sell-offs could weigh on BTC.

  • Long-Term View Needed: Bitcoin remains scarce but may see near-term pain.

• Detailed Insights:

  • Not Tariffed: Bitcoin isn’t taxed or banned under current trade actions.

  • Mining Squeeze: Hardware price hikes may reduce new coin production.

  • Decoupled... for Now: BTC may still fall with stocks despite safe-haven hopes.

  • Sell Pressure Risk: Recession could force holders to liquidate BTC.

  • Hold to Win: Patience key—scarcity remains Bitcoin’s strongest long-term trait.

Related: Satoshi Turns 50 as Bitcoin Becomes U.S. Reserve Asset

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results