# McGlone Predicts Bitcoin Hits $10,000 with S&P 500 Drop

> S&P 500 falling 20% could push Bitcoin to $10,000, says Mike McGlone.
- Title: McGlone Predicts Bitcoin Hits $10,000 with S&P 500 Drop
- Summary: S&P 500 falling 20% could push Bitcoin to $10,000, says Mike McGlone. Mike McGlone says a 20% S&P 500 drop might push Bitcoin toward $10,000.
- Keywords: s&p 500, bitcoin, mike mcglone, 20% drop, $10,000, spx, crypto, finance, McGlone, Predicts, Hits, 000
- Source: TokenPost — https://tokenpost.com/news/insights/33775
- Published: 2026-10-17T05:44:47+00:00
- Read time: 1 min
- Topics: s&p 500, bitcoin, mike mcglone, 20% drop, $10,000, spx, crypto, finance
## Mike McGlone
Mike McGlone says Bitcoin could move toward $10,000 if the S&P 500 falls about 20% and the decline persists.

> about a 20% drawdown in the SPX that persists for a while
## Bitcoin and S&P 500 Relationship
Over five years, Bitcoin matched the S&P 500 performance but had nearly three times the volatility.
## Market Trigger
Sustained Bitcoin strength independent of equities would challenge McGlone's $10,000 downside view.
## Key takeaway

Mike McGlone says a 20% S&P 500 drop might push Bitcoin toward $10,000.