Bitcoin is still the undisputed leader of the crypto money industry. Successful Bloomberg analyst Mike McGlone, known for his comments on financial markets, shared a tweet about the leading cryptocurrency Bitcoin and the leading altcoin Ethereum. Expecting that Ethereum will perform much better than Bitcoin in the future, McGlone believes that the rises of ETH will be much harder.
Ethereum’s move from a proof-of-work (PoW) consortium to a proof-of-stake (PoS) has made ETH a focal point for institutional investors. As we are currently in the bear season, although the interest of institutional investors towards Ethereum (ETH) is not clearly seen, these situations are expected to change in the future.
It is estimated that Ethereum will exceed BTC in terms of market value in the next mega bull cycle, with the support of its huge investors. Although these claims seem utopian to many crypto money investors, it is also among the predictions that this scenario can happen. Bloomberg analyst McGlone also believes that even if Ethereum will not be able to surpass Bitcoin, there will be much more rises in the next bull.