Bloomberg’s senior strategist Mike McGlone suggests a scenario where USDT could surpass both Ethereum and Bitcoin in market capitalization.

His outlook is based on a highly bearish forecast:

🪙$ETH falling to $1,500 and 🪙$BTC BTC dropping to $10,000.

In such a risk-off environment, McGlone argues that capital could continue flowing into stablecoins, boosting their dominance while major crypto assets lose value.