Ethereum could pave way for $100,000 Bitcoin, Bloomberg analyst asserts

Ether (ETH) has outperformed Bitcoin (BTC) in terms of year-to-date market performance, rising more than 320% against BTC’s 54% returns. But, according to Bloomberg Intelligence senior commodity strategist Mike McGlone, Bitcoin would soon catch up to Ether’s gains, which might even push its per-unit price to $100,000.

“If Bitcoin were to catch up to Ethereum’s performance this year, the No. 1 crypto’s price would approach $100,000,” the analyst tweeted on Aug. 9 as BTC price broke above…


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