CoinShares analysts believe 2024 will be “pivotal” for Bitcoin in the stablecoin arena and that a successful project could even “rival the speed and cost” of modern stablecoins.
A Bitcoin-based stablecoin may emerge in 2024 that could even “rival” the speed and cost of other stablecoins in the industry, according to cryptocurrency investment firm CoinShares.
“We anticipate 2024 as a pivotal year for Bitcoin in the stablecoin arena,” explained analysts from CoinShares in their latest outlook report published on Jan. 22.
The prediction came from CoinShares’ head of Bitcoin research, Christopher Bendiksen, and analyst Matthew Kimmel.
