“There are many risks, including from macro markets and the risk perceived in holding crypto on an exchange, post-FTX. Moving to stablecoins is a most defensive posture, vs. moving into BTC, which is still a volatile asset in the end,” Rosenblum told CoinDesk when asked if stablecoins have replaced BTC as crypto market safe-havens.
Bitcoin’s Stagnant Crypto Dominance Points to Investor Exodus After FTX Bankruptcy
