Bitcoin and Ether heading $100K and $5K in 2022: Bloomberg Intelligence

Bitcoin and Ether heading $100K and $5K in 2022: Bloomberg Intelligence

Despite cryptocurrency markets dropping to multi-month lows, major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) are likely to hit new all-time highs in 2022, according to a Bloomberg analyst.

BTC and ETH will be heading toward $100,000 and $5,000 this year, respectively, according to a forecast by Bloomberg intelligence analyst Mike McGlone published in his latest market analysis on Thursday.

“A key issue we see is the Federal Reserve, as it faces the greatest inflation in four decades, more inclined to raise interest rates if risk assets continue climbing,” McGlone noted.

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McGlone also predicted that BTC, Ether and United States-pegged stablecoins will maintain dominance in 2022, while some top 2021 winners like the Binance Coin (BNB) and Solana (SOL) “may end the pattern of temporary visitors among the top

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