<ul><li>Bitcoin analyst, Mike McGlone, predicts that Bitcoin might lose a zero, comparing its rise to past market bubbles.</li><li>McGlone suggests that Bitcoin could be reaching the peak of a speculative cycle, similar to the Nasdaq Composite during the dot-com bubble.</li><li>He points out that Bitcoin emerged after the 2009 global financial crisis and led the risk-asset rallies, indicating its significance in the market.</li><li>McGlone's prediction raises concerns about the sustainability of Bitcoin's rapid ascent and highlights the volatility that typically accompanies speculative market phases.</li></ul>

Bitcoin Might Lose a Zero Amid Speculative Cycle According to Bloomberg Analyst

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