Stablecoin Mass Issuance Hints at Potential for Further Bitcoin Surge
CryptoNewsTerminal Staff13 Aug, 2024
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.