Bloomberg Intelligence senior commodity strategist Mike McGlone wrote in his latest research note, “We expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications, the unlimited supply of fiat currency should sustain rising prices, notably in bitcoin and ethereum, which have limited supply.”
The soaring inflation and a strong U.S. jobs market could mean the Federal Reserve moves to curtail its stimulus program in 2022—which might mean that the price of both bitcoin and ethereum continue to rise even as stock markets fall.
2022 will be even crazier for crypto, a Wharton professor says.
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