MHh
03-01
I think stablecoins will drift further away from cryptocurrencies as after all these years, cryptocurrencies have yet to broken themselves to be an investable asset beyond speculation, unlike stablecoins. Beyond the use cases, investors want to be able to evaluate and invest in it as an asset class that cryptocurrencies have yet to shown. I won’t chase after circle’s surge as the earnings reflect the last quarter where the hype was still strong. I would prefer to take profit and use the next earnings to re-evaluate the fundamentals of the company to determine if it is worth investing for the longer term. BTC has been unfortunately just a speculative tool after the rise over the past few years with the expectation of supply dwindling. I expect a larger decline as many take profit and move towards safer havens in times of greater uncertainty and geopolitical hostility. Commodities are as speculative but in such times still offer more certainty of a profit than BTC.
BTC Rebound: Risk Appetite Back, Bet on COIN?
As a barometer of global risk appetite, Bitcoin (BTC) quickly reclaimed the $73,000 level and is once again attempting to challenge the key psychological resistance at $75,000. SOS surged 9%, BTCT gained 8%, and UPXI followed with a 7% rise. Crypto heavyweights including MicroStrategy (MSTR), Coinbase (COIN), and miner Riot Platforms all posted gains of over 3%. A recent report from Bernstein stated that after a 60% drawdown from the 2025 peak, crypto-related equities may have already entered a “cyclical bottom.” If BTC breaks $75,000, is recovery path open?
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