Ethereum To Beat Bitcoin In 2023 - Bloomberg Analyst

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As per Bloomberg’s commodity analyst Michael McGlone’s reports Ethereum’s achievement has been optimistic than Bitcoin.

The report claims that Ethereum’s transform from proof of work to proof of stake has fueled its performance.

McGlone predicts that for Ethereum, $1,000-$2,000 is an important support/ resistance level.

Further, McGlone states that though cryptocurrencies have slowed down, they will emerge as winners against traditional finance system.

Also he believes that many mainstream investors are considering crypto for their portfolio which will boost blockchain network.