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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