The three ‘warm’ cryptocurrencies on the market are none other than the first, Bitcoin (BTC), followed by Ethereum (ETH) and finally, Tether (USDT).
However, Bloomberg’s Crypto Outlook fourth quarter report 2020 predicts Tether (USDT) will seize Ethereum (ETH) market capitalization by 2021, thus becoming the second cryptocurrency after BTC.
This phenomenon led to the beginning of the implementation of stablecoin and central bank digital currencies (CBDC).
Based on crypto analysis, the market capitalization of ETH has been relatively bleak lately with the current volume being $ 43.2 billion. However, most days in 2019 and 2020, the amount was lower at under $ 30 billion before getting a boost from DeFi at the end of July.
In contrast, the USDT proves good growth since 2017 despite a slight decline in October 2018. Stablecoin opened the curtain on 2020 with a market capitalization of $ 4.1 billion, soaring sharply to $ 15.7 billion this month.
If the USDT is able to maintain its momentum for a long time, it is not impossible if the asset has a higher market capitalization than the ETH.
Perhaps the Tether surge suggests the introduction of the CBDC is imminent, but the asset also actually opens the assumption of a BTC surge in the future.
Bloomberg said BTC will jump from its current value, $ 11,448 to $ 100,000 by 2025, based on a fixed supply of 21 million coins with demand and supply metrics of prices remaining positive.
