"JP Morgan Chase poured a bucket of cold water on us, but the old leeks in the cryptocurrency circle have long learned to make money in FUD!"
Brothers, JPMorgan Chase, the Wall Street giant, has come out to sing a different tune again! Their latest report says that it is a dream for stablecoins to reach a trillion-dollar market value, and there are three reasons:
The SEC is looking for trouble every day, and USDT and USDC are investigated at every turn, just like interrogating prisoners;
Stablecoins are now just tools for exchanges. Apart from currency speculation and DeFi staking, they are useless in the real world;
Traditional giants such as PayPal are also trying to grab jobs. Who will use USDT to buy groceries in the future?
Yesterday, a brother in my group asked: "Can ENA still be rushed?" As a result, today I saw that this product fell 5% due to the news. Fortunately, he set a stop loss!
Market Status
Big and small are as stable as old dogs: BTC is still playing seesaw at 67k-67k-70k, ETH $3500 is firmly welded
The altcoins are in bad luck:
ONDO of RWA system peed 3% directly, and MKR also followed suit
The K-line chart of those "next generation stablecoin" pheasant projects is more exciting than the electrocardiogram
If you ask me, JPMorgan Chase is a typical "want both" - when Bitcoin was 3k, it said it was a scam, and now it is pointing fingers at stablecoins. But we leeks have long been immune to it! When the market value of USDT was 3k, it said it was a scam, and now it is pointing fingers at stablecoins. But we leeks have long been immune to it! The market value of USDT is 110 billion, and the SEC has been investigating for three years, but it is still alive and kicking?
When you see titles like "Stablecoin 3.0" and "Revolutionary Protocol", tie your hands first.
If BTC cannot hold $66.5k, reduce your position, don't go against the trend.
If you really want to make a layout, wait until the SEC knocks Tether down.
"Remember! In the cryptocurrency world, bad news is often the best buying point - provided that you live to that time!"
If you feel helpless and confused in trading at the moment, and want to know more about the cryptocurrency world and first-hand cutting-edge information, click on the avatar to follow me, and you will no longer get lost in this bull market!
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