Bitcoin and Ethereum will reach $100,000 and $5,000 in 2022: Bloomberg Intelligence

Although the cryptocurrency market fell to a multi-month low, major cryptocurrencies such as Bitcoin (Bitcoin) And ether (Ethereum) May hit a record high in 2022, according to Bloomberg analysts.

According to Bloomberg Intelligence analyst Mike McGlone (Mike McGlone) forecast, this year BTC and ETH will go to 100,000 US dollars and 5,000 US dollars respectively Publish In his latest market analysis on Thursday.

“A key issue we see is the Federal Reserve, because it faces the biggest inflation in four years. If risk assets continue to climb, it is more inclined to raise interest rates,” McGraw pointed out.

McGlone also predicts that BTC, Ethereum and stablecoins linked to the United States will maintain their dominant positions in 2022, while some of the top winners in 2021, such as Binance Coin (Bitcoin) And Solana (Sol) “May end the pattern of temporary visitors among the top five.”

According to analysts, expectations of the Fed. The interest rate hike in 2022 may support a “win-win situation” between Bitcoin and the stock market, and BTC may gain an “advantage” over stocks this year.

Magron wrote: “Crypto assets are the best among speculative and risky assets, but the first-born assets are rapidly transforming into the world’s digital reserve assets.”

The latest Bloomberg News analysis follows similar forecasts made by McGlone before. In early December 2021, analysts predict that 2022 will be beneficial to both BTC and gold. They are predicted to reach USD 100,000 and USD 2,000, Respectively.Before that, he had succeeded Forecast approval of The first BTC exchange-traded fund October 2021 in the United States.

McGlone is not the only one who believes that BTC may reach $100,000.In the latest report to investors, Goldman Sachs Global Foreign Exchange and Emerging Markets Co-Head Zach Pandl stated that Bitcoin may exceed 50% of the store of value market share in the next five years, while the price of BTC May soar more than $100,000 By taking advantage of the market share of gold.

related: Brock Pierce and Tom Lee paid $200,000 in Bitcoin in 2022, although they did not reach the goal in 2021

At the time of writing, the trading price of BTC is $41,873, which is down about 11% in the past 7 days. according to Data from CoinGecko.As Cointelegraph reported, on Wednesday the Fed’s December FOMC meeting showed that regulators had Committed to raising interest rates The market has also been shrinking in 2022 to cope with Kazakhstan network outage During local anti-government protests.