According to Bloomberg Intelligence analyst Mike McGlone, by 2022, the US will completely regulate cryptocurrencies. "We anticipate the US to adopt cryptocurrencies in 2022, with adequate regulation and accompanying positive price consequences," he added. 

The expert said that "Bitcoin looks to be on a trajectory towards $100,000" and predicted that "A halted, corrected and refreshed bull market" will occur.
<h2>The US Will Regulate Cryptocurrencies </h2>
Last Monday, Bloomberg Intelligence (BI) released their crypto <a href="https://indnewsreporter.com/2021/12/13/analyst-expects-us-to-embrace-crypto-with-correct-regulation-in-2022-sees-refreshed-bitcoin-bull-market-markets-and-costs-bitcoin-information/" target="_blank" rel="nofollow noopener">forecast </a>for 2022. BI senior commodities analyst <a href="https://www.cryptoknowmics.com/news/bitcoin-is-among-top-long-term-beneficiaries-mike-mcglone/">Mike McGlone</a> explains that China's embargo and the emergence of breakthrough technologies like crypto dollars and non-fungible tokens (NFTs) are enticing investors to take advantage of China's <a href="https://www.cryptoknowmics.com/news/china-bans-crypto-related-social-media-accounts/">restrictions</a>. According to our forecast, the United States is expected to adopt cryptocurrencies in 2022 with adequate regulation and favorable price ramifications.

Bitcoin and Ethereum's restricted supply should support higher prices, he noted. For example, the near 50% correction in 2021 will deter us from expecting widespread adoption to triumph. Bitcoin and Ethereum might benefit with the return of "some normalcy in stock market returns and a prolonged decrease in US Treasury bond rates," said McGlone.

As the beginning of 2022 approaches, the most pressing issue for bitcoin is whether it has reached its top or is just in the midst of a consolidation bull market. When the world moves in the direction we anticipate it will, the benchmark crypto will be well on its way to becoming global digital collateral. Around $50,000 and $100,000 are projected to be the primary support in 2022.
<h2>McGlone Gave an In-Depth Explanation</h2>
The price of Bitcoin looks to be heading towards $100,000. A halted, corrected, and rejuvenated bull market is how we expect bitcoin to approach 2022. According to the expert, it's just a matter of time until Bitcoin's price reaches $100,000. This is due to the simple economics of rising demand and declining supply.

Analysts Believe That By 2022, The US Will Completely Regulate Cryptocurrencies

According to Bloomberg Intelligence analyst Mike McGlone, by 2022, the US will completely regulate cryptocurrencies.

Gitumani is a blockchain enthusiast as she keeps a tab on the recent happenings pertaining to the crypto industry. She aims to provide quality content in blockchain and crypto domain. She is a financial content writer too and has worked on several financial projects related to the stock market news, fundamental research, and technical analysis for several websites.

Analysts Believe That By 2022, The US Will Completely Regulate Cryptocurrencies

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