Arthur Hayes, former CEO of BitMEX, predicts the cryptocurrency market will rise until 2028 due to U.S. stablecoin policy.
Changes in U.S. stablecoin regulation targeting the $10-13 trillion Eurodollar market will stimulate stablecoin capital into DeFi, creating long-term growth momentum for the cryptocurrency market.
MAIN CONTENT
The cryptocurrency market may grow until 2028.
U.S. stablecoin policy aims to control the $10-13 trillion Eurodollar market.
DeFi platforms like Ethena and Hyperliquid are expected to benefit from the influx of stablecoin capital.
How does U.S. stablecoin policy affect the cryptocurrency market?
U.S. stablecoin policy is designed to control the Eurodollar market, which is worth up to $10-13 trillion, by transitioning to a government-managed stablecoin ecosystem. This is a strategic move to oversee capital circulation and enforce more effective financial controls.
This control will promote the use of official stablecoins in the financial system, thereby increasing liquidity and stability for the entire cryptocurrency market. This also means that DeFi products will have the opportunity for strong growth thanks to more stable capital.
How will the cryptocurrency market evolve in the coming years?
Arthur Hayes, former CEO of BitMEX, stated that the cryptocurrency market will continue its growth trend until 2028, driven by changes in U.S. stablecoin policy. These changes will create abundant new capital, contributing to the market's growth momentum.
This opens a new era for DeFi platforms, attracting investors and increasing cryptocurrency adoption on a larger scale.
Which DeFi platforms benefit from the new influx of stablecoin capital?
DeFi platforms like Ethena and Hyperliquid are expected to be the direct beneficiaries of the stablecoin capital flowing into the market. The increase in liquidity will help drive development for DeFi applications in providing more diverse and stable financial services.
Attracting this capital not only enhances liquidity but also improves user experience, contributing to the sustainable development of the DeFi ecosystem.
"The shift of the Eurodollar market to government-controlled stablecoins will usher in a new era for the development of the financial and cryptocurrency markets."
- Arthur Hayes, former CEO of BitMEX, WebX Conference Tokyo, August 25, 2023
Frequently Asked Questions
1. Why are stablecoins important for the cryptocurrency market?
Stablecoins help maintain price stability, increase liquidity, and reduce volatility risk, which is essential for the sustainable development of cryptocurrency and DeFi.
2. How does U.S. stablecoin policy affect DeFi?
This policy facilitates a significant influx of stablecoin capital into DeFi, helping to enhance liquidity and scale up DeFi services.
3. Will the cryptocurrency market continue to grow until 2028?
Based on the forecast of the former CEO of BitMEX, the cryptocurrency market is expected to maintain its growth trend until 2028 due to changes in U.S. stablecoin policy.
4. Which DeFi platforms are expected to grow due to stablecoins?
Ethena and Hyperliquid are two platforms mentioned that will directly benefit from the influx of stablecoin capital into the DeFi market.
5. What is the Eurodollar market and why is it important?
The Eurodollar is a market for U.S. dollar deposits outside of the United States, worth up to $10-13 trillion, significantly impacting the global financial system.
Source: https://tintucbitcoin.com/arthur-hayes-crypto-tang-gia-den-2028/
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