A recent analysis by Bloomberg’s Mike McGlone says Bitcoin (CRYPTO: BTC) is going to dominate the crypto market in 2022, despite the recent plunge. The report says Bitcoin is expected to surge and move towards the $100,000 mark this year, while Ethereum (CRYPTO: ETH) will break above the $5,000 mark. McGlone says Bitcoin withstood a massive drop and subsequent recovery in its hash rate in 2021, which should solidify the crypto’s price foundation for 2022. He points out that the Bitcoin hash rate 10-day average dropped about 30% in 2018, and Bitcoin bottomed around $3,000. In 2021, BTC bottomed at $30,000 after falling from the $60,000 range, indicating that the crypto may continue to appreciate in 10x increments. McGlone predicts that the US Federal Reserve’s new policies will be beneficial for Bitcoin. “Expectations for Federal Reserve rate hikes in 2022 may support a win-win scenario for Bitcoin vs. the stock market,” he said. If risk assets decline, it helps …