Bloomberg strategist predicts Tether will surpass Ethereum in 2026, then Bitcoin

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Bloomberg’s McGlone: Tether to flip ETH in 2026, may top BTC; warns BTC risk to $10k

Bloomberg’s Mike McGlone sees Tether (USDT) overtaking Ethereum (ETH) by 2026 and eventually Bitcoin (BTC). He also flags a possible BTC slide to $10,000 if key levels fail. Source.

He calls USDT the asset most likely to reshape the crypto hierarchy as capital seeks stability and utility in uncertain macro conditions. McGlone on X. He earlier framed USDT as the “unexpected contender.” Bitcoinist.

Key market markers:
- ETH market cap about $272B; USDT around $184B. The gap narrowed over the past year. NewsBTC.
- USDT grew from $144.2B to ~$184B in a year, up ~27.6%. NewsBTC.
- USDT holds ~58% of the stablecoin market. Together with USDC, ~82% share. Bitcoinist.

On BTC downside, he points to equities and volatility. He notes BTC has led equity upswings and downswings; with S&P 500 180-day vol near 12.5, a turn higher could pressure BTC. Chart and commentary.

He sets lines in the sand. BTC must hold above $75,000 to avoid the $10,000 scenario. Rejection signs above $70,000 persist. McGlone on X NewsBTC.

Bitcoin yearly chart shared by Mike McGlone