Bloomberg Senior Macro Strategist Mike McGlone has predicted a catastrophic crash that could send Bitcoin plunging to $10,000.  McGlone believes that the Tether (USDT) stablecoin is currently on track to overtake Bitcoin as the number one cryptocurrency by market capitalization. During a violent sell-off in early June, Tether briefly surpassed Ethereum in market capitalization. The U.S. dollar-pegged stablecoin became the number two cryptocurrency in the world.