Chen Peiquan, deputy chief executive officer of Shengli Securities, said in the latest interview that the current market size of stablecoins is about US$250 billion, and it is expected to rise to US$300 billion by the end of the year and US$1 trillion in the next few years. If the market size rises from $250 billion to $300 billion, the increase of $50 billion, with the current proportion of major cryptocurrencies, it is expected that most of them will enter the market holdings, which will help drive the price. Investors who are interested in virtual currencies but don’t know about them can be allocated 5 to 10% of the weighting, while those who have research on virtual assets can be allocated a double-digit weighting.
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Victory Securities Expert: The stablecoin market will surpass 300 billion USD by the end of the year, boosting Bitcoin prices.
Chen Peiquan, deputy chief executive officer of Shengli Securities, said in the latest interview that the current market size of stablecoins is about US$250 billion, and it is expected to rise to US$300 billion by the end of the year and US$1 trillion in the next few years. If the market size rises from $250 billion to $300 billion, the increase of $50 billion, with the current proportion of major cryptocurrencies, it is expected that most of them will enter the market holdings, which will help drive the price. Investors who are interested in virtual currencies but don’t know about them can be allocated 5 to 10% of the weighting, while those who have research on virtual assets can be allocated a double-digit weighting.