A well-known economist predicted the economic crisis of stablecoins, and many institutionalists would become crypto investors by the 2026 year
Stablecoins crisis is on its way
An American economist and Nobel laureate Paul Krugman believes the crypto industry, particularly stablecoins, is in the shadow of a possible crisis. According to his words, stablecoins remind “a modern version of the free banking system, when non-government bank organizations issued its own banknotes, secured the real coins”.
Krugman insists, this system has already faced a crisis, so stablecoins await the same scenario.
Previously the economist claimed the entire crypto industry as a Ponzi scheme, considering that such schemes could live for a long time. The main reason why digital assets are still in demand is because of future cash collapse statements.
Fidelity: Most percentage of institutional investors would invest in digital assets by the 2026 year
Fidelity analytics minds, the long-term falling of BTC would not scare digital assets market players. According to the experts, a significant number of institutionalists would make a step towards the crypto industry by 2026.
From the Fidelity available data, 70% of large investors plan to invest in crypto or get in the digital assets market shortly. Among them, 90% are going to become an essential link of crypto by 2026.
Fidelity also states large investors have changed their opinion about digital assets because of the economic crisis flashed due to COVID-19. More than that, the analytics came to the conclusion the Asian institutionalists are in the lead in the question of awareness and possible crypto investments.