Major cryptocurrencies such as Bitcoin (bitcoin) and ether (Ethereum) could hit an all-time high in 2022, according to Bloomberg analysts.

According to Bloomberg Intelligence analyst Mike McGlone, BTC and ETH will reach $100,000 and $5,000 respectively this year. post in his latest market analysis on Thursday.

“A key issue we’re seeing is the Fed, as it faces the biggest inflation in four decades, it’s more inclined to raise rates if risk assets continue to climb,” McGlone noted.

McGlone also predicts that BTC, ether, and U.S.-pegged stablecoins will remain dominant in 2022, while some of the top winners in 2021, such as Binance Coin (BNB) and Solana (Sol) “may end the pattern of casual visitors in the top five.”

Expectations for the Fed, according to analysts. A rate hike in 2022 could support a “win-win situation” between Bitcoin and the stock market, with BTC likely to “have the upper hand” over the stock market this year.

“Cryptoassets are the standout among speculative and risky assets, but first-borns are rapidly transforming into becoming the world’s digital reserve assets,” McGlone wrote.

The latest Bloomberg Intelligence analysis follows similar previous predictions by McGlone. In early December 2021, analysts predicted a positive 2022 for both BTC and gold, Predict that they will reach $100,000 and $2,000, respectively.Previously, he has been successful expected to be approved of The first BTC exchange-traded fund October 2021 in the US.

McGlone is not alone in thinking that BTC could reach $100,000. In a new report to investors, Goldman Sachs global co-head of foreign exchange and emerging markets strategy Zach Pandl said that Bitcoin could surpass 50% of the store of value market share at BTC price within the next five years May soar past $100,000 By leveraging gold’s market share.

related: Brock Pierce and Tom Lee tip $200,000 BTC in 2022, despite missing target in 2021

At the time of writing, BTC is trading at $41,873, down about 11% over the past 7 days, according to Data from CoinGecko.As Cointelegraph reported, the Federal Reserve’s December FOMC meeting on Wednesday showed that regulators are working to raise interest rates in 2022.The market has also been shrinking in response to Internet outage in Kazakhstan during local anti-government protests.