Bloomberg Intelligence analyst Mike McGlone has issued a stark warning that Bitcoin could experience a dramatic 90% decline, potentially dropping to $10,000 by 2026. This prediction is based on a potential post-inflation deflation cycle that could impact the cryptocurrency market. Currently, Bitcoin is trading near $90,000, having fallen 30% from its peak in October. Recent market activity has seen $230 million in long liquidations and $287 million in ETF inflows following a significant $3.5 billion selloff in November. The potential decline in Bitcoin's value could have ripple effects on altcoins, which may also face downward pressure if the trend continues.