The analyst of Bloomberg Intelligence Mike McGlone argues that the United States could fully embrace cryptocurrencies next year.
“Spurred by China’s ban and the proliferation of breakthrough technologies like crypto dollars and non-fungible tokens (NFTs), we expect the US to embrace cryptocurrencies in 2022, with proper regulation and consequent upward implications for prices.” McGlone wrote in his article published Monday.
In the expert’s opinion, the unlimited supply of fiat money “should sustain the rise in prices, especially in bitcoins and Ethereum, whose supply is limited.” McGlone expects there will be a wider adoption of bitcoin, Ethereum and crypto dollars in the US economy and that crypto assets will show superior performance.