Franklin Templeton Digital Assets Head Roger Beeston stated that Bitcoin is consolidating its position as a store of value, with investors using it as a hedging tool in their portfolios rather than for daily transactions. He pointed out that this shift stems from Bitcoin's long-term price appreciation. Beeston believes that stablecoins aimed at achieving price stability and efficiency are now more suitable for meeting the original payment needs of cryptocurrencies in areas such as remittances and cross-border settlements.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Franklin Templeton Digital Assets Head Roger Beeston stated that Bitcoin is consolidating its position as a store of value, with investors using it as a hedging tool in their portfolios rather than for daily transactions. He pointed out that this shift stems from Bitcoin's long-term price appreciation. Beeston believes that stablecoins aimed at achieving price stability and efficiency are now more suitable for meeting the original payment needs of cryptocurrencies in areas such as remittances and cross-border settlements.