Sky Victor

06/18 04:34

Interest is as high as it's ever been,” said Houga

Interest is as high as it's ever been,” said Hougan, himself a long-time bitcoin bull. “I think that's a very bullish long-term signal. … I think it's going north of $1 million in the next 10 years. I have less certainty around how, when or if it has bottomed. I think we have to wait to see how the four-year cycle plays out.” With multiple, often conflicting, signals identifying where the slide in bitcoin might end, the price remains almost 50% below the record high it hit in October. It's down 26% this year, and the broader market gauge CoinDesk 20 Index (CD20) has lost 34%. Blockchains associated with tokenization, such as Stellar, have also been hit, though Stellar's lumen (XLM) coin stands out with a gain of 8.9% this year. Interest in stablecoins is also growing, and the combined market value of the tokens, whose value is pegged to a real-world asset like the dollar, recently hit a record high $322 billion. That's more than the foreign exchange reserves of 95 countries, including several developed nations. The value could peak at $4 trillion by 2030, according to Citi projection#TradFi Trading Strategies Sharing Challenge #CHIP: Yield-Bearing Synthetic Stablecoin #HTX Creation Challenge — Post and Win 1,500U 💥

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