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.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
