Bitcoin and Ethereum Are in Early Adoption Days, Says Bloomberg Intelligence Analyst

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Bitcoin and Ethereum Are in Early Adoption Days, Says Bloomberg Intelligence Analyst
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.mikemcglone11 is still bullish on Bitcoin and Ethereum

He expects the two largest cryptocurrencies to continue appreciating due to supply-demand dynamics.

McGlone believes that only a black swan even will be able to stop the proliferation of these cryptocurrencies. Earlier this month, the analyst doubled down on his prediction that Bitcoin and Ethereum would reach $100,000 and $5,000, respectively, by the end of 2022.Pop Megastar Justin Bieber Splurges $1.3 Million on NFT

He expects Solana and Binance Coin to stick around in the top five alongside Bitcoin, Ethereum and Tether. At the same time, McGlone has been highly critical of Dogecoin and Shiba Inu. He recently said that the market had to be cleansed of such meme coins for the blue chips to thrive.

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