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Analyst: ‘Deflationary forces’ present an optimistic outlook for BTC, ETH in 2022
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ambcrypto.comConsider the hypothesis: deflation could swap inflation next year. Well, if that’s the case, cryptocurrency can prevail over other asset classes. This is the hypothesis based on which Bloomberg Intelligence analyst Mike McGlone is bullish on the outlook for Bitcoin and Ethereum in 2022. He says “deflationary forces” will take the crypto assets to new heights.
McGlone in his December edition of Bloomberg’s Global Cryptocurrency Outlook published bullish cases for both Bitcoin and Ethereum. He expects the U.S to embrace cryptocurrencies in 2022 with proper regulation and related bullish price implications. Given the proliferation of revolutionary technologies such as crypto dollars and non-fungible tokens (NFTs) – the possibilities are
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