Bloomberg Analyst Says PayPal’s Stablecoin Announcement Not Priced In, Predicts Huge Ramifications for Ethereum

A strategist from Bloomberg says that PayPal’s launch of its own stablecoin hasn’t been priced into markets yet, and should have a significantly positive effect on Ethereum (ETH). Jamie Coutts, a crypto market analyst at Bloomberg Intelligence, says that market participants are discounting the fact that PayPal’s network is hundreds of times larger than Ethereum’s. … Continue reading Bloomberg Analyst Says PayPal’s Stablecoin Announcement Not Priced In, Predicts Huge Ramifications for Ethereum