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The bubble has popped and the euphoria has tuned down. However, the stable coins market is a $1-2trillion market (https://defillama.com/stablecoins https://defi
by csomar 1y ago
The bubble has popped and the euphoria has tuned down. However, the stable coins market is a $1-2trillion market (https://defillama.com/stablecoins https://defillama.com/stablecoins), so there is still a long way to go/grow. Other cryptos like Bitcoin and Ethereum will continue to exist. Bitcoin mainly as an asset against the stable and Ethereum as a network to process defi transactions (you can exchange stable coins for crypto without an exchange now).
- veqq 1y agoBubble popped? Bitcoin is right at its all time high, about $110,000.
- birn559 1y agoAs long as professional scammers (Fin and crypto FinTech) believe they can extract more money, Bitcoin will grow. As crypto currency is still an underregulated asset there will always be more ways to extract money in a shady way. Basically fast-forwarding all the reasons for the regulations of conventional assets.
- csomar 1y agoAlts never recovered. Also is Bitcoin really near ATH or did the dollar devalue? Previous ATH was roughly $70k and in that period, Gold doubled. So reaching previous ATH in my math is roughly $140k. That does match, in my experience, the rising real livings costs of food, housing and services.