• Mike McGlone indicated that they believe the US will become crypto-friendly by 2022.
• Based on his future outlook for the cryptocurrency market, he made the statement.
• McGlone would like to see widespread mainstream adoption by 2022, as opposed to 2021.

Bloomberg’s Senior Commodity Strategist Mike McGlone says that they strongly expect the US to embrace crypto with friendly regulation in 2022. He agreed with his views and explained why he believes the crypto market is poised to revolutionize over the next year.

The U.S. should embrace cryptocurrency by 2022 with appropriate regulation and implications for bullish prices.

McGlone also stated that the cryptocurrency space has a good chance of experiencing a corrected bull market, a pause, and a refreshed bull market over the next year. According to McGlone, the undefined fiat currency supply should continue rising in prices, especially (BTC and (ETH).

Additionally, he is bullish to an extent that he wants to see immense crypto mainstream adoption in 2022 compared to 2021’s 50% correction. McGlone mentioned that he believes the US Treasury’s declining returns on bonds may make it easier to invest in Bitcoin and ETH. He also said,

Bitcoin seems to be heading towards $100,000. We see Bitcoin approaching 2022 with a paused bull market that has been corrected and re-energized.

McGlone addressed other important questions, such as whether Bitcoin is consolidating or peaking. McGlone predicted that BTC will find key support at $50k and $100k resistance by 2022. He mentioned whether Bitcoin (BTC), will reach $100k, or not. This is due to the economic fundamentals of decreasing supply and increasing demand.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. This article is not intended to be used as investment advice. CoinQuora advises its users to research cryptocurrency before making any investment.

Continue reading on CoinQuora