Stablecoins: Evolution, not a Revolution

Stablecoins are ultimately capped by a ceiling that Bitcoin is positioned to smash right through. They are not an existential threat to Bitcoin. Technologies tend to have a natural ceiling built into their utility and popularity. Once they’ve solved all the problems they can solve, their growth is effectively capped. As soon as all potato fans own a potato peeler, the peeler market’s growth potential is largely tapped out. Indeed, the big question around AI at the moment is how many problems it will be able to solve. The market could already be overblown, or it could be practically limitless….