L.Lim
11-27
No way... you cannot link Stablecoins to crypto lile Bitcoin. Stablecoins can be pegged to USD (hence the stable part of the name)
But even stable coin cannot be lumped in with currencies like the USD.
Stablecoins do not have monetary authorities behind them, where in the case of USD if a bank run occurs, the Feds can print currency to prevent the dollar from cratering (that does not happen for Stablecoins obviously...)
Just leave it as currency VS bitcoin... don't involve stablecoins, that is a different sort of asset
BTC Slides: Can it Hold $85K or Head to $70K?
Strategy poured nearly $1 billion into Bitcoin for a second consecutive week, continuing to add to its position as crypto prices pulled back. The pioneer of the “digital asset treasury” strategy saw its shares fall more than 8% on Monday, closing at $162.08 in New York. Bitcoin at one point slid 3.7% to $85,171, still down about 30% from its early-October record high of $126,000. Can Bitcoin hold key support levels this week? Will MSTR test the $150 level again? Would you stay firmly invested?
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