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Tether’s strategy advisor compared the coin to the 25th largest holder of U.S. treasuries.
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As the next Bitcoin halving nears, users look forward to increased market volatility and a capital influx that could push the market higher. If that happens, the total crypto market cap may discover new levels and establish another all-time high (ATH).
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Although the value has dropped slightly, crypto users expect a resurgence soon, especially with the anticipation of a bull run.
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In a May 25 Ask Me Anything (AMA) on r/India community on Reddit, Nailwal was asked what he sees as some genuine at-scale “real life” use cases for blockchain other than trading and payments.
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Sandeep Nailwal, the co-founder of the Ethereum-scaling platform, Polygon, believes Web3 gaming will eventually become one of the biggest drivers of mass crypto adoption.
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Gabor Gurbacs shared that Tether is holding a substantial reserve of $3.4 billion in gold.
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