Bitcoin and Ethereum will outperform stocks


Behind the crypto market crash, there are all kinds of optimistic predictions about the price of the major cryptocurrencies. Below we bring you the latest on Bitcoin and Ethereum.

Bitcoin and Ethereum Price Predictions

The crypto market is struggling to recover these days after the latest massive crash.

Bloomberg Intelligence analyst Mike McGlone said that BTC and ETH will generate the most gains after the recent price decline that affected all asset classes.

In a new interview with Yahoo Finance, McGlone notes that Federal Reserve rate hikes are more damaging to the US stock market in the long run. He compared them to proven digital assets like Bitcoin (BTC) Y Ethereum (ETH).

The key is to remember that the stock market will continue to decline, this is because the Fed urgently needs to bring down inflation. Bitcoin and Ethereum will go down, but they will come out on top”.

He went on and said the following:

“Overall, the volatility of these nascent crypto assets, most notably Bitcoin, has continued to decline against the stock market. That’s what happened with Amazon when it first came out. Its volatility in 2009 was the same as Bitcoin’s right now.”

McGlone also made sure to highlight that digital assets represent the next revolution alongside Amazon and other innovators and market winners of the 2000s and 2010s.

“Investors are looking forward to the future. Do you really want to miss out on this revolution?

He went on and said the following as well:

“That’s what I see happening. A bit of stock market sell offers and deals ahead on things like Bitcoin and Ethereum.”

At the time of writing, BTC and ETH are trading in the green. BTC is priced just above $30k and ETH is trading for $2,073.

Disclaimer: The information found on CryptoReport is that of the cited writers. It does not represent the opinions of Criptoinforma on whether to buy, sell or hold investments. You are advised to conduct your own research before making any investment decisions. Use the information provided at your own risk. See the Legal Notice for more information.

Buy and sell Bitcoin and other cryptocurrencies on Binance, the most comprehensive cryptocurrency exchange to safely and conveniently invest in the world’s most traded cryptocurrencies. Sign up and see how simple it is, go to:

Click to rate this post!
[Total: 0 Average: 0]
Next Post

The final loss is heavy - but everything else is better

Luleå has not won a Swedish Championship gold in men’s hockey since 1996. But the economy is flourishing and unlike 1996, when unemployment was the highest in the country, the discussion is now about how to attract more people to the city and all the jobs. Published: 16 May 2022, […]
The final loss is heavy - but everything else is better

Subscribe US Now