Matrixport: As stablecoin inflows steadily increase, Bitcoin demand may grow accordingly

avatar
PANews
2 days ago
This article is machine translated
Show original

PANews reported on March 18 that Matrixport said the continuous inflow of stablecoin funds is laying the foundation for the growth in Bitcoin demand. Although the surge trend of stablecoins in Q4 2024 has slowed down, the overall growth momentum is still continuing, indicating that funds are continuously flowing into the crypto market.

It is worth noting that despite the impact of the European MiCA regulatory framework on USDT, the market has not seen a large-scale capital outflow. As the inflow of stablecoin funds steadily rises, the demand for Bitcoin may also increase, further driving up the price.

Matrixport: As the inflow of stablecoin funds steadily rises, the demand for Bitcoin may also increase

BTC
3.47%
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo