'Just a Matter of Time': Bloomberg Predicts Tether Will Flip Bitcoin
Analysis
Price Impact
HighBloomberg intelligence's prediction that tether could flip bitcoin is a significant statement, as it challenges the established hierarchy of cryptocurrencies. this could lead to increased attention and potential capital shifts towards stablecoins, impacting bitcoin's perceived value and dominance.
Trustworthiness
HighPrice Direction
BearishThe article explicitly states mcglone's bearish prediction for bitcoin, suggesting it could collapse to $10,000 due to deleveraging and a broader market correction. for tether, the prediction is bullish in terms of market dominance, but its price is designed to remain stable.
Time Effect
LongMcglone's prediction implies a long-term shift in the crypto landscape, where stablecoins could surpass established cryptocurrencies like bitcoin in market capitalization. his bearish outlook on bitcoin also suggests a prolonged period of potential decline.
Original Article:
Article Content:
Cover image via U.Today Collapsing to $10,000? Crude Oil and 'pump-then-dumps' Advertisement Bloomberg Intelligence senior macro strategist Mike McGlone believes that Tether (USDT) is on track to become the world's biggest cryptocurrency. McGlone has argued that the dominance of dollar-pegged stablecoins is reshaping the entire crypto hierarchy. He is convinced that "it could be a matter of time before the dollar token flips Bitcoin, unless crypto's most enduring trend reverses: Tether's AUM surpassing everything." "The technology is awesome, and it adopted the dollar as its base layer (note to the dedollarization crowd)," McGlone added. HOT Stories Fresh XRP $0.51 Roadmap Reveals 1.06 Billion Coins Core Support Target; $2.5 Million in Shiba Inu (SHIB) From 2024 Suddenly Appears On-Chain; Hyperliquid Clears Air on Alert List Dispute - Morning Crypto Report Ripple: Lending on XRPL to Evolve 'Dynamically' The analyst has questioned the long-term viability of speculative tokens, asking, "What stops the tokenization proliferation, where tokens tracking real assets with earnings or income stand alongside millions of cryptos worth $ billions but tracking nothing?" Advertisement You Might Also Like Thu, 04/02/2026 - 15:37 Bitcoin to $10,000: Top Bloomberg Expert McGlone Warns of 'Crypto Bubble Burst' in 2026 By Gamza Khanzadaev Recently, Tether (USDT) briefly overtook Ethereum (ETH) to become the second-largest cryptocurrency by market capitalization. McGlone has noted that the "Tether flippening of Ethereum may be sustained this time." Advertisement Collapsing to $10,000? McGlone has doubled down on his bearish prediction that Bitcoin (BTC) is on track to collapse all the way to $10,000. As noted by McGlone, the asset grew rapidly during an unprecedented era of zero-interest-rate policies and massive liquidity injections. McGlone maintained that speculative risk assets of the like of Bitcoin would face an inevitable deleveraging process. Crude Oil and 'pump-then-dumps' McGlone's bearish outlook is not limited solely to the cryptocurrency sector; it extends across major global commodities and equities. The analyst has predicted that WTI crude could collapse toward $40 a barrel. This commodities slump will be caused by a broader correction in the equities market, according to McGlone. "A top force for a typical low-price-cure cycle in 2H would be a drop in the US stock market," the pundit explained. #Tether News #Bitcoin News