JPMorgan, the leading global financial services company for governments and the world's most important institutions,
Also one of the most corrupt banksters that has been involved in many cases of money laundering, illegal arms deal and financing terrorism.
For this reason, stablecoins have become very popular, having a greater impact now in 2022, with their market valued at about $186 billion.
The main reasons why stablecoins became popular was because the traders needed a medium to use to go in and out of the altcoin markets and be able to transfer money between exchanges. So a lot of centralized exchanges created centralized shitcoins to be used by traders.
They argue growth in the share of stablecoins means a lot of cash on the sidelines ready to enter the market.
Or it means that just like the government, these centralized companies have been on a printing spree creating more shitcoin supply.
On the contrary, a shrinking supply means a potential upside is limited.
The supply can not shrink! If they've printed the stablecoin, it will remain in circulation.
In my opinion, although it is difficult to create a reliable financial system with Bitcoin due to its volatility, over time it is likely to grow even more and have a constant and stable value. What do you think?
Bitcoin is a currency, you don't build a financial system on it, you use this currency in your already existing financial system.