Now in crypto, Stripe CEO said Stablecoins will force banks to offer users of real interest in deposits, kicked in funds that have been exchanged by US Bitcoin Exchange (ETFS) with billions of flows, and predicted a crypto executive the bitcoin price cycle to endure.
Stripe CEO said Stablecoins will force banks to offer users of competitive interest in deposits
Stripe CEO Patrick Collison said Stablecoins will force banks offer interest rates in interest to customers due to increasing stablecoin options with yield.
Collison noted the average saving rates offered for customer deposits in the United States and Europe, all of which came below 1%, as ripe for interruption of stablecoins. She is write:
“Depositors are going, and should, earn something closer to a return to the market to their capital. Some lobbys are currently pushing the post-genius to further tighten any kind of rewards associated with stablecoin deposits. The importance of business here is clear-cheap deposits are great, but the consumer-hosting of me is so good.”
Stablecoin Market Cap crossed $ 292 billion in October, according to data from Rwa.xyzAs the sector continues to grow following a comprehensive bill signed by law in the United States.
The Bitcoin ETFS Kickstart “Uptober” with $ 3.2 billion in the second best week recorded
The US -listed areas listed in the US Second Best Best Week Flow From LaunchingSigned renewed investor optimism.
Spot bitcoin (Btc) ETFs recorded the $ 3.24 billion worth of combined -with net Positive flowing In the past week, nearly compatible with their record of $ 3.38 billion on the week ending on November 22, 2024, According to in data from sosovalue.
The figure marks a sharp rebound from $ 902 million of last week to streams. The analysts associate with the growth of the growing expectations of another cutting of the US interest rate, which improved the emotion to the risk of risk.
The growing expectations of another US interest rate triggered a “transfer of emotion,” which attracts the revised investor demand for Bitcoin ETFs, “bringing a four-week flow to nearly $ 4 billion,” Iliya Kalchev, analyst of the digital asset platform Nexo, told the cointelegraph. “At current run rates, Q4 flows can retire more than 100,000 BTC from circulation-more than double new release.”
“ETF absorption accelerates as the long -term distribution of the holder enhances, helping the BTC build a stronger base,” close to key technical support levels, he added.
The ongoing ETF flow can provide significant tailwinds for Bitcoin in October, which is the second best month for Bitcoin in terms of average return to history, often referred to as “uptober” by crypto investors.
This $ 3.2 billion week pushed Bitcoin’s price over $ 123,996 on Friday, marked more than six weeks highly seen on August 14th for the world’s first cryptocurrency, Tradingview Data displays.
“Probably” Bitcoin’s cycle will continue in some form: Gemini Exec
While the four -year cycle of Bitcoin may not play exactly like the past, that doesn’t mean the The concept is completely dead, According to a executive executive.
“I think when it comes to the four-year cycle, the fact is that we are likely to continue to see some form of a cycle,” Crypto Exchange leader Gemini, APAC region Saad Ahmed, told Cointelegraph in a token2049 interview in Singapore.
“It ultimately coming from people are really excited and overwhelming themselves, and then you want to see a crash, and then it’s kind of correction in a balance,” Ahmed said.
However, Ahmed said Growing institutional involvement In the crypto industry it can help the market absorb some of volatility. “You will see some of the volatility, kind of flag, but you will still see some kind of a cycle, because ultimately, it is driven by human emotions,” Ahmed said.
