Coinspeaker
CoinShares Analysts Tip Bitcoin-Based ‘Rival’ to Shake Stablecoin Space
Analysts from crypto investment firm CoinShares have predicted the emergence of a Bitcoin-based stablecoin in 2024. According to a January 22 outlook report, it looks like the right time for Bitcoin to float a stablecoin project that will offer a highly competitive speed and cost alternative to what the majority of the modern stablecoins currently offer. An excerpt from the publication reads:
“Altogether our prediction is that a Bitcoin project focused on competing in the modern stablecoin sector will be made easily accessible to users this year.”
Meanwhile, the report was put together by CoinShares’ head of Bitcoin research, Christopher Bendiksen, and analyst Matthew Kimmel. Although the duo admitted that Bitcoin-based stablecoins had been created before, they believe that any such projects at this time will not only “rival the speed and cost” of alternatives but also retain the undeniabl
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