Interestingly, McGlone also talked about a flippening of the crypto market ranks. However, this flippening is not the long-speculated scenario where Ethereum overtakes Bitcoin but a far less anticipated one where the dollar-backed stablecoin quietly surpasses both. “I expect the ‘flippening’ to continue, with Tether’s AUM topping Ethereum in 2026 and eventually Bitcoin,” McGlone wrote.
Bitcoin’s Long Road Back To $10,000McGlone pairs this stablecoin outlook with a notably bearish stance on Bitcoin. According to him, there’s a huge possibility of the Bitcoin price crashing to as low as $10,000. Bitcoin has been trading in a prolonged corrective phase following its 2025 all-time high, and a chart published alongside McGlone’s commentary shows that Bitcoin has always led both equity market upswings and downswings, and if equities are rolling over, Bitcoin may follow.
Bitcoin must hold above $75,000 to invalidate the scenario of a crash to $10,000. Failure to do so, according to McGlone, opens the path to a deeper reversion to as low as the $10,000 range, which he highlights as a long-term equilibrium zone since the introduction of futures markets in 2017.
