- Mar 31, 2010
- Reaction score
so people moved to stables for store of value
The stable coins are just dollar proxies? I think that would appeal to a slightly different audience than btc holders who are in it for more than just speculating.
I think to paint the picture with the current macroeconomic situation as the current chapter isn’t telling the whole story. At some point crypto will recover and mature and will be in a very different state. For example if we see a btc ETF that would help get rid of the shenanigans going on at exchanges, and so would better regulation for exchanges. A part of why btc crashed was due to over leveraged positions, some over leveraged positions weren’t even on btc but the exchanges had btc as collateral.