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Significantly, the growing interest from exchange-traded funds (ETFs) has further monopolized the Bitcoin market. With ETFs holding over 1 million Bitcoins—a striking 5% of the total supply—there's palpable pressure on prices to climb higher. This structured demand coupled with impending regulatory clarity could lead to a bullish trend that many investors are keen to capitalize on.
The Rise of Stablecoins
Contrasting Bitcoin’s narrative is the emergent force of stablecoins. Predictions suggest that 2025 could mark a watershed moment for dollar-denominated stablecoins, potentially disrupting the longstanding duopoly of Visa and MasterCard. In 2024, stablecoins remarkably distanced themselves from the volatile nature of cryptocurrency, becoming valuable tools for business transactions.