Stablecoins earning yield makes the market park their money in stables, diverting it from BTC and alts.
Right now, there is hundreds of billions of stables sitting, waiting for a year or 2 for the perfect opportunity to buy. There is nothing else to do with that money, except buy some internet products or services.
If the Clarity act passed, there will be a competing option opened of just keeping it in a yield bearing position.
So basically, if the Clarity act passes, it's bound to take some momentum of BTC and alts, only question is how much would it be.
Can anyone disprove this?
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