Bloomberg: 'Tether's Bitcoin Surpassing Could Be a Matter of Time'

Analysts at Bloomberg Intelligence suggest Tether could surpass Bitcoin as the world's largest cryptocurrency, citing the expanding adoption of dollar-linked stablecoins and Tether's growing reserves. The firm notes that sustained growth in Tether's assets could eventually make its dollar-backed token surpass Bitcoin, highlighting the long-term trend of stablecoin expansion. It also questions the long-term viability of speculative tokens, emphasizing the rise of asset-backed tokens while doubting the sustainability of unbacked cryptocurrencies. Bloomberg reaffirms its bearish outlook for Bitcoin, warning that speculative assets like Bitcoin may eventually face deleveraging amid continued ultra-loose monetary policies.