A senior executive at Fidelity Investments thinks that dollar-pegged crypto assets can help increase Bitcoin (BTC) adoption.
Jurrien Timmer, Fidelity’s global macro director, said in a new interview on the Crypto Banter YouTube channel that proper stablecoin regulation could act as a catalyst for Bitcoin (BTC) adoption.
“If stablecoins are regulated and deemed safe and the space is legitimated, then perhaps investors will have more confidence in Bitcoin’s adoption curve that tracks a range of historical data such as internet usage or cell phones. As the space becomes legitimized and gains more scale, I think more and more investors may start to feel comfortable that the promise of this widening adoption curve can actually be delivered.”
Besides, according to Timmer, technical patterns and charts show that the recent crypto winter has hit the markets heavily and investors should feel safe before considering a return.
“All [modellerin] We’re under and of course we’ve had a big crypto winter, we’ve had a lot of leverage loss, that’s to be expected. I think the area is pretty uncertain and not everyone is expecting either a bearish or at least an uptrend. So I think there’s a lot of potential here… if it’s safer to go back into the field, more and more people will start looking at the promise of this adoption curve.”
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.