Why the $172 Billion Stablecoin Market Could Drive Crypto Prices Higher 😱🔥📊📈🚀
The market cap of stablecoins is approaching an all-time high. According to analyst Alice Liu, this means there is a lot of money ready to trade once the markets regain momentum.🔥
Alice Liu compared stablecoins to Berkshire Hathaway’s copper holdings. Crypto markets are sitting on a powder keg that could soon explode and send prices soaring. 🔥
According to Alice Liu, principal researcher at crypto data firm CoinMarketCap, crypto investors should see the $172 billion stablecoin market as a massive cash reserve ready to invest in cryptocurrencies once Bitcoin (BTC) rises again and regains momentum. 🔥
How do stablecoins impact crypto prices? 😱👇👇👇
Their increased presence on platforms usually signals a rise in crypto prices, as they make it easier to invest quickly in the markets. $USDC $EURI $USDT