Bitcoin and Ethereum are still in the early stages of adoption, according to a Bloomberg Analyst

According to Bloomberg's Mike McGlone, the values of Bitcoin and Ethereum will almost certainly continue to rise.


According to Bloomberg's Mike McGlone, the values of Bitcoin and Ethereum will almost certainly continue to rise.
Bitcoin and Ethereum

Bitcoin and Ethereum, according to Bloomberg Intelligence commodity strategist Mike McGlone, are still in the early stages of acceptance.


Due to supply-demand dynamics, he predicts the two major cryptocurrencies will continue to appreciate.


Only a black swan, according to McGlone, will be able to stop the spread of these cryptocurrencies.



The expert reaffirmed his estimate that Bitcoin and Ethereum would hit $100,000 and $5,000, respectively, by the end of 2022 earlier this month.


McGlone projected in December that Bitcoin would outperform the stock market in the United States.


Along with Bitcoin, Ethereum, and Tether, he anticipates Solana and Binance Coin (BNB) to remain in the top five.


McGlone, on the other hand, has been a vocal critic of Dogecoin and Shiba Inu. He previously stated that in order for blue chips to survive, the market needed to be cleansed of such meme coins.


Inflation-weary people The largest stumbling block for bitcoin bulls is the Federal Reserve of the United States.


According to reports, Goldman Sachs has stated that Bitcoin is more vulnerable to future interest rate hikes than ever before because it now trades in lockstep with other financial assets.


Bitcoin and Ethereum are down 44.67% and 46.16%, respectively, from their all-time highs.