Seeking Alpha
2021-11-02 23:25:51

Bitcoin 'Going Up Forever' - Stablecoins Might Become A Strong Competitor

According to the CEO of MicroStrategy, Bitcoin is "going up forever."This is a bold statement, and in this article, I will try to analyze on which assumptions this statement is likely based, and if it could theoretically be true.He also mentioned that he believes stablecoins might become a big success, but won't stablecoins compete with Bitcoin heavily?I believe that the current success of stablecoins could be a warning signal for investors in Bitcoin.

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