Bitcoin's Rise To $1 Million Will Make Tether The Largest Holder Of US Treasuries, Says Popular Analyst
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Cryptocurrency analyst Willy Woo predicts that Tether will become the largest holder of U.S. treasuries when Bitcoin reaches $1 million. Tether's demand for U.S. treasuries is increasing, with its exposure nearing $120 billion, surpassing countries like Germany. This surge is linked to the rising interest in Bitcoin and stablecoins, which serve as a bridge between crypto and traditional finance. Woo's prediction coincides with the advancement of the GENIUS Act in the Senate, which may influence the role of stablecoins in the financial ecosystem.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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