Bloomberg Senior Macro Strategist Mike McGlone has warned that Bitcoin could eventually fall to $10,000 as Tether continues expanding its influence across the cryptocurrency market. According to McGlone, the stablecoin’s steady growth is positioning it to challenge Bitcoin’s dominance in ways many investors may not expect. His warning comes as Tether recently achieved a significant milestone. During the market downturn in early June, USDT briefly surpassed Ethereum by market capitalization, making it the second-largest cryptocurrency in the world.