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Bitcoin Loses Ground To Stablecoins, Says Cathie Wood

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Bitcoin appears as a sun on the horizon. A giant stablecoin (USDT) coin passes in front like a moon, creating an eclipse. Cathie Wood watches the scene wearing eclipse glasses.

Is Bitcoin losing ground where it was supposed to triumph? Cathie Wood, CEO of ARK Invest and a leading figure in crypto investment, has just lowered her most ambitious target for BTC. The reason is the rise of stablecoins in emerging economies, where they are establishing themselves as a new store of value. A strong strategic adjustment that questions the real role Bitcoin will play against these dollar-backed alternatives.

L’article Bitcoin Loses Ground To Stablecoins, Says Cathie Wood est apparu en premier sur Cointribune.

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