Bianco: Bitcoin will become reserve currency for 2 billion people in emerging markets
- —Bianco: BTC is needed by billions in Latin America, Africa and the Middle East
- —In Venezuela and Afghanistan, USDT functions as a de facto currency
- —Stablecoins could reach $3–4 trillion, creating new demand for US Treasuries
- —Fed hiked rates to 3.75–4.00%, the first in 3 years, as 10-year yields rose from 3.7% to 5%
Why it matters: The emerging-market demand thesis reinforces the long-term BTC bull case, while the Fed's tightening path remains a key market risk.
Source: BITTIMES