CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
The Daily Hodl 2023-08-14 09:15:59

Bloomberg Analyst Says PayPal’s Stablecoin Announcement Not Priced In, Predicts Huge Ramifications for Ethereum

A strategist from Bloomberg says that PayPal’s launch of its own stablecoin hasn’t been priced into markets yet, and should have a significantly positive effect on Ethereum (ETH). Jamie Coutts, a crypto market analyst at Bloomberg Intelligence, says that market participants are discounting the fact that PayPal’s network is hundreds of times larger than Ethereum’s. The post Bloomberg Analyst Says PayPal’s Stablecoin Announcement Not Priced In, Predicts Huge Ramifications for Ethereum appeared first on The Daily Hodl .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.