Bloomberg Intelligence says it's inevitable Bitcoin will hit $100,000 — and claims Ether is massively undervalued 📈
"The war is enhancing Bitcoin's value as a global digital-reserve asset, while Ethereum evolves into the collateral of the internet," a new note says.Bitcoin and Ether are outperforming most assets — despite the Federal Reserve turning off the money taps and increasing interest rates.
Analysts Mike McGlone and Jamie Douglas Coutts also claim ETH may be undervalued ahead of the long-awaited merge between the network's Proof-of-Work and Proof-of-Stake blockchains, adding: Their new research note concedes that cryptocurrencies were exposed to volatility during the first quarter of 2022, in line with many other assets, but said:
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