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 highly #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. 💛 #crypto
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 highly #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. 💛
#crypto