📉 Ethereum vs USDT: Will the top three change hands soon?
Bloomberg Intelligence senior strategist Mike McGlone has released a major prediction: the market capitalization of stablecoin USDT may surpass Ethereum (ETH)! 🚀
Analyst's key points:
Rank change: McGlone believes the rise of Tether is the "longest-running trend" in the cryptocurrency space. He pointed out that if ETH's price drops to the crucial support level of $1500, USDT's market capitalization is very likely to rise to second place. Comparison with Bitcoin: In the long run, the strategist does not rule out the possibility of Tether surpassing Bitcoin, but he believes this could happen if Bitcoin retracts to around $10,000. Macro signals: The extreme volatility in the metals market and the high volatility of cryptocurrencies may indicate an overheated stock market. He emphasized that the S&P 500 index must hold above 7000 points; otherwise, risk assets will face severe challenges.
Bloomberg Intelligence 2026 price target forecast:
BTC: Upper limit around $70,000. Silver: About $100/ounce. WTI crude oil: About $65/barrel.
📊 Current market capitalization comparison (CoinMarketCap data):
BTC: About $1.3 trillion ETH: About $238 billion USDT: About $183 billion
Do you think "stablecoins" will eventually defeat the "king of smart contracts" in this market capitalization battle? Is this a long-term market trend or an over-pessimism from the bears? 👇
