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Tether USDT Set to Overtake Bitcoin and Ethereum, Says Bloomberg Strategist

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by Tando Nkube

2 hours ago


In a bold prediction, Mike McGlone, a senior macro strategist at Bloomberg Intelligence, has highlighted Tether (USDT) as a potential leader in the cryptocurrency market, possibly surpassing both Bitcoin and Ethereum in market capitalization. The report highlights positive developments indicating that Tether's growth could reshape the competitive landscape of digital currencies.

Рост рыночной капитализации Tether

McGlone points out that Tether's market capitalization is rapidly approaching that of Ethereum, having experienced an impressive growth of 276% over the past year. This surge indicates a significant shift in investor sentiment towards stablecoins, particularly in times of economic uncertainty.

Прогнозы на будущее

Looking ahead, McGlone forecasts that Tether's assets under management will exceed those of Ethereum by 2026. This anticipated change underscores the increasing demand for stablecoins as a safer alternative amidst fluctuating market conditions.

In light of Tether's rising prominence in the cryptocurrency market, Notcoin has also gained attention with its innovative tap-to-earn model within the Telegram ecosystem. For more details, see the full article here.

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