Bloomberg Expert Flags 'Do or Die' Moment for Bitcoin at $100,000

According to Mike McGlone, a senior commodity strategist at Bloomberg, Bitcoin's current price hovering around the $100,000 threshold should not be misinterpreted as a sign of inherent market strength. Instead, McGlone issues a stark warning, characterizing this period as 'do or die.' He suggests that the current tranquility in the markets is deceptive, indicating that excessive calm could soon give way to significant volatility. This impending instability, he cautions, is likely to affect not only the broader cryptocurrency market but also traditional stock markets, signaling a critical juncture for investors across asset classes.