McGlone shifts bitcoin forecast to $28,000 after critics blast $10,000 call as 'nonsense'
CoinDesk
by Olivier AcunaFebruary 19, 2026
AI-Generated Deep Dive Summary
Mike McGlone, a Bloomberg Intelligence strategist known for his cryptocurrency market insights, has revised his bearish Bitcoin forecast following criticism over his previous $10,000 price target. Initially warning of a potential collapse in crypto prices amid broader financial stress, McGlone faced backlash on social media and LinkedIn from analysts who deemed his $10,000 prediction alarmist and potentially harmful to investors. In response, he adjusted his outlook, suggesting $28,000 as a more probable price level based on historical market distribution.
The shift in McGlone's forecast was influenced by challenges from market experts like Jason Fernandes, co-founder of AdLunam, and Mati Greenspan, founder of Quantum Economics. While Fernandes acknowledged the revised $28,000 target as a more realistic figure, he maintained his broader critique, emphasizing that such deterministic price predictions could unduly influence investor behavior in volatile markets like crypto. Greenspan echoed similar concerns, arguing that McG
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Originally published on CoinDesk on 2/19/2026