Feb 2, 2020
Nearly $6,000,000,000 Ready to Move Into Bitcoin, Ethereum, XRP and Altcoin Markets: Crypto Analyst Mati Greenspan
Posted by Quinn Sena in categories: bitcoin, cryptocurrencies
O.o!
Portfolio manager and crypto analyst Mati Greenspan says billions of dollars are essentially sitting on the sidelines, ready to move into Bitcoin, Ethereum, XRP and the altcoin market at large.
Greenspan is using data from the crypto research firm Messari, which shows that the total value of all stablecoins is just shy of $6 billion. Stablecoins are digital currencies that are pegged to traditional assets like fiat. They’re designed to maintain a steady value and offer crypto traders an easy way to sidestep the extreme volatility of the crypto markets.