JPMorgan: “loss of confidence in USDT will affect BTC rate”
Should investors lose faith in stablecoin, Tether, bitcoin could face new risks, including a sharp drop in price, according to a report by JPMorgan Bank. According to JPMorgan analysts, the BTC market could face a major liquidity shock if traders lose faith in USDT, Tether’s stablecoin widely used to fund cryptocurrency trading. “If issues arise that could affect the willingness or ability of both US and foreign investors to use USDT, the most likely outcome…
