The cryptocurrency industry is experiencing a very turbulent period at the end of the year, and it can be said that it is completely influenced by the global economy and monetary policy in the USA.
The expectation that the Federal Reserve will raise interest rates and stop tightening has also rattled the cryptocurrency industry, and bitcoin tumbled against the strong US dollar.
Important BTC and ETH Statement from McGlone
Despite this, the experienced name of Bloomberg, one of the most famous analysts in the world Mike McGlone, In his most recent statements, he thinks that the era of crypto money is not over yet.
McGlone, in his article on Bloomberg Intelligence, expects a record rise for both Bitcoin and Ethereum.
Expressing that the USA will accept cryptocurrencies with proper regulation in 2022, McGlone thinks that this will bring a serious rise for BTC and ETH.
Stating that cryptocurrencies, stablecoins and NFTs are revolutionary technologies, the famous analyst thinks that US experts will also notice this.
The current financial crisis poses challenging conditions for many countries and industries, and according to McGlone, this will result in cryptocurrencies using their deflationary structure to their advantage.
Stating that Bitcoin and Ethereum have now become a structure against inflation, the analyst expects a new rise in 2022.
Emphasizing that the US dollar is slowly losing its purchasing power, the analyst thinks that people will notice this and line up to buy Bitcoin and Ethereum. As expected, this will bring upward momentum.