If staring at your crypto portfolio is making you feel like you have gastro on a flight from London to Sydney (true story), then have a listen to what Bloomberg’s Mike McGlone and Pantera Capital’s Dan Morehead have been saying just lately.
Because they might well make you think twice about dumping it and going all in on the US dollar instead.
Let’s start with the respected Bloomberg Intelligence senior commodity strategist, Mike McGlone, who was speaking with Kitco News.
McGlone told the news outlet that although he sees the current crypto winter potentially lasting longer than previous market declines, thanks to the “Fed’s sledgehammer,” he expects the industry to bounce back stronger than ever.
And for the analyst, that means Bitcoin hitting $US100,000 and Ethereum tapping $US6,000 by 2025.
“Bitcoin to me, it’s a matter of time before it gets to $100,000,” said McGlone.
“The key fact is that adoption and demand are increasing, unless you expect that to reverse. It will continue...
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