On Thursday (5 January 2023), Mike McGlone, a Senior Macro Strategist at Bloomberg Intelligence (Bloomberg’s research arm on the Bloomberg Terminal”), shared his outlook for Bitcoin and Ethereum.

In the January 2023 edition of Bloomberg Intelligence’s “Crypto Outlook” report, McGlone (and the two contributing analysts he worked with on this research) said:

“Ethereum’s upward performance vs. Bitcoin has been unshaken by 2022 deflation in most risk assets and may be gaining underpinnings. At a ratio of about 0.07, the Ethereum/Bitcoin cross rate is the same as in May 2021, when the Nasdaq 100 Stock index was about 20% higher."

(by Siamak Masnavi)