🇺🇸 US Is Importing Bitcoin and Exporting Digital Dollars: What Does it Mean?
- The US has become a net importer of bitcoin in 2023, with institutions bringing in large amounts while retail users are sending BTC out.
- The rise of spot Bitcoin ETFs has contributed to this trend, increasing the US's share of global crypto activity and reducing available BTC on trading platforms.
- Outside the US, there is a growing reliance on dollar-backed stablecoins, with 99.1% of stablecoin volume tied to the dollar, reflecting a demand for access to US financial assets without needing a US bank account.
Nguồn: CryptoPotato
🌍 Cập nhật bởi GemCrypto
$BTC
#Bitcoin #Crypto
- The US has become a net importer of bitcoin in 2023, with institutions bringing in large amounts while retail users are sending BTC out.
- The rise of spot Bitcoin ETFs has contributed to this trend, increasing the US's share of global crypto activity and reducing available BTC on trading platforms.
- Outside the US, there is a growing reliance on dollar-backed stablecoins, with 99.1% of stablecoin volume tied to the dollar, reflecting a demand for access to US financial assets without needing a US bank account.
Nguồn: CryptoPotato
🌍 Cập nhật bởi GemCrypto
$BTC
#Bitcoin #Crypto