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26 October 2020

Tether's market cap could overtake Ethereum’s next year — Bloomberg report

Tether's market cap could overtake Ethereum’s next year — Bloomberg report


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Tether's market cap could overtake Ethereum’s next year — Bloomberg report.

A new report predicts Tether could surpass Ether’s market cap by the end of next year, paving the way to mainstream adoption of stablecoins and central bank digital currencies (CBDCs).

According to Bloomberg’s Crypto Outlook report for Q4 2020 written by Senior Commodity Strategist Mike McGlone, Tether (USDT) is likely to take the number two position by market capitalization from Ether (ETH) in 2021.

Though the report suggests the demand for Tether indicates that the arrival of central bank digital currencies (CBDCs) is simply “a matter of time,” it also predicts a bullish future for Bitcoin

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