Bitcoin ETFs Show Bullish Signs as USDC Revenue Forecast to Skyrocket
Bitcoin ETFs Show Bullish Signs as USDC Revenue Forecast to Skyrocket
Recent market analysis suggests a 'purification' of the Bitcoin bull case, with institutional exits from ETFs paving the way for a new phase of bullish involvement from larger players. Simultaneously, Bloomberg Intelligence projects a potential sevenfold increase in Coinbase's USDC revenue, driven by expanding payment adoption, even as Congress considers regulations concerning stablecoin rewards.
Bitcoin ETF investors joined an "institutional exit" this year, but analysis sees a new phase of bullish involvement from bigger players coming next.
Bloomberg Intelligence said Coinbase’s USDC revenue may jump sevenfold, as Congress weighs a ban on stablecoin rewards that could reshape how that money is earned.