Bitcoinist
2020-07-14 08:50:59

Bitcoin Can Attract Large Capital Inflows on Short Notice: Research

Bitcoin is at the cusp of attracting large capital inflows from the neighboring stablecoin market, according to a weekly research note published by Glassnode. The on-chain market analyst highlighted that the net supply of dollar-pegged tokens surged higher than Bitcoin. It concluded that more money held in stablecoins increases the chances for Bitcoin to start a new price rally on short notice. Bitcoin expects to attract a massive inflow of capital in a potential mass-migration […]

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