Fidelity Macro Expert Says Stablecoins Could Accelerate Bitcoin (BTC) Adoption – Here’s How

A top executive at Fidelity Investments says dollar-pegged crypto assets could help boost Bitcoin (BTC) adoption.

In a new interview on Crypto Banter’s YouTube channel, Fidelity’s Director of Global Macro, Jurrien Timmer, says that favorable stablecoin regulation could act as a catalyst for Bitcoin adoption.

“If stablecoins are regulated and considered safe and we don’t have the headlines about stables that we had not too long ago and the space is legitimate, then I think maybe investors will have more faith in the network effect, the adoption curve of Bitcoin, which has followed a number of historical escrow services, be it in internet usage or mobile phones.

As the space becomes legitimized and scales up, I think more and more investors will feel comfortable that the promise of this growing adoption curve can actually be fulfilled.”

Timmer says technical models and charts show that the recent crypto winter has had a major impact on markets and investors need to feel safe before jumping back in.

“We are among everyone [the models], and of course we had a big crypto winter, lots of deleveraging, that kind of goes without saying. I think the space is pretty washed out, and each one is either short or at least not long.

So I think there’s a lot of potential here…when the water feels safer to go back into the water, more and more people will start looking at the promise of that adoption curve.”

Source: Jurrien Timmer/YouTube

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