Tether USDT Poised to Overtake Bitcoin and Ethereum, Analyst Says
We have always followed the principles of transparency and clear information. Some of our content includes affiliate links, and we may earn a small commission through these partnerships. These partnerships do not influence our editorial independence or opinion. By using our site, you accept our privacy policy and terms and conditions.
A Senior Altcoin Analyst, Sarah combines on-chain data with a background in venture capital research. With a Master’s in Computer Science, she provides precise evaluations…
Cryptocurrency is a high-risk asset class, and investing carries significant risk, including the potential loss of some or all of your investment. The information on this website is provided for informational and educational purposes only and does not constitute financial, investment, or gambling advice. Cryptowinx does not endorse any specific exchange or gaming platform. For more details, please read our terms and full disclaimer.
Cryptowinx navigates the digital asset universe with a dynamic, forward-looking vision. Throughout our evolution, we have followed every market cycle, from vertical rises to corrections, always remaining a solid point of reference for our community. Our team is made up of industry experts and analysts who experience the blockchain ecosystem daily: we constantly monitor Bitcoin’s stability, study the expansion of the Ethereum ecosystem, and analyze the new frontiers of crypto casinos. We are committed to absolute editorial integrity, separating the signal from the noise through rigorous fact-checking and multi-perspective news analysis. In a landscape where innovations emerge in moments, our mission is to simplify complex concepts and offer transparency into what is established and what is still experimental.
Learn more Cryptowinx
In a surprising analysis, Mike McGlone from Bloomberg Intelligence has pointed to Tether (USDT) as the emerging force in the cryptocurrency landscape, potentially surpassing both Bitcoin and Ethereum. As Tether’s market capitalization steadily approaches that of Ethereum, McGlone suggests that the stablecoin’s rise could significantly alter the dynamics of the crypto market.
McGlone, who serves as a senior macro strategist, has highlighted that in a market inundated with numerous tokens, stability and utility are becoming essential. He believes that Tether, showing considerable growth in a year of uncertain economic conditions, is leading the trend. According to him, the current market shift indicates that investors are increasingly favoring stable assets over volatile ones.
In a notable shift from common expectations, McGlone forecasts a ‘flippening’ that differs from the anticipated scenario where Ethereum overtakes Bitcoin. Instead, he envisions Tether, a dollar-backed stablecoin, surpassing both major cryptocurrencies in the near future. He expressed confidence that Tether’s assets under management (AUM) will exceed Ethereum’s by 2026 and may eventually surpass Bitcoin as well.
Currently, Ethereum boasts a market valuation of approximately $272 billion, while Tether stands at around $184 billion. Over the past year, Tether has experienced robust growth, with its market cap increasing from $144.2 billion, marking a 27.6% rise. It now commands roughly 58% of the global stablecoin market share, and when combined with USDC, the two stablecoins account for about 82% of the total stablecoin capitalization.
In conjunction with his bullish outlook on Tether, McGlone has expressed a bearish sentiment regarding Bitcoin’s future. He warns that Bitcoin could potentially fall to $10,000, particularly as it has been trapped in a prolonged correction since hitting its historic peak in 2025. He notes that Bitcoin typically mirrors the trends in the equities market, and should the stock market decline, Bitcoin may follow suit.
McGlone further clarified that Bitcoin must maintain its position above $75,000 to avert the risk of plummeting to the $10,000 mark. Any failure to hold above this threshold could facilitate a deeper downturn, which he regards as a return to a long-term equilibrium established since the launch of futures markets in 2017.
Leave the reaction
Sarah Chen
Commentaries
Add your comment
Fill in necessary fields and publish