Stablecoin Mass Issuance Hints at Potential for Further Bitcoin Surge

IconCryptoNewsTerminal Staff13 Aug, 2024

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Stablecoin Mass Issuance Hints at Potential for Further Bitcoin Surge

Stablecoin mass issuance indicates potential for further BTC surge Markus Thielen, founder of cryptocurrency market analysis firm 10xResearch, analyzed that the recent surge in stablecoin issuance could be a sign of a potential further surge in Bitcoin (BTC) price. Thielen said that the increase in stablecoin issuance suggests that investors are preparing to buy more cryptocurrencies, including Bitcoin. He also noted that the recent decline in Bitcoin's price could be a buying opportunity for investors.