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Analyst warns Bitcoin's dominance is under threat from a new rival
As crypto markets struggle to regain momentum, one strategist is watching an unusual signal: the steady rise of stablecoins. A stablecoin is a cryptocurrency designed to maintain a stable value, typically pegged to a fiat currency like the U.S. dollar. Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, argues that the most durable trend in crypto is not speculative tokens but Tether’s growing dominance. His thesis is blunt, "Tether will eventually flippen Bitcoin." “Flippening” refers to one cryptocurrency surpassing another in market capitalization. According to McGlone, Tether's USDT ... (full story)
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