Bloomberg’s senior strategist Mike McGlone suggests a scenario where $USDT could surpass both #Ethereum and #Bitcoin in market capitalization. His outlook is based on a #bearish forecast:
🪙ETH falling to $1,500 and 🪙BTC dropping to $10,000. In such a risk-off environment, McGlone argues that capital could continue flowing into stablecoins, boosting their dominance while #major #crypto assets lose value. #CryptoMarket $ETH $BTC
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bloomberg’s senior strategist Mike McGlone suggests a scenario where $USDT could surpass both #Ethereum and #Bitcoin in market capitalization. His outlook is based on a #bearish forecast:
🪙ETH falling to $1,500 and 🪙BTC dropping to $10,000. In such a risk-off environment, McGlone argues that capital could continue flowing into stablecoins, boosting their dominance while #major #crypto assets lose value. #CryptoMarket
$ETH $BTC