Bitshares is up 71% the past few days. IMO, the Bitshares value rise is a direct result of four things:
1. Diminishing confidence in Tether
2. An increasingly ALT/Bitcoin bear market
3. The fact you can't buy bitUSD on exchanges anymore, therefore you have to buy Bitshares to buy bitUSD.
4. People are hedging a crypto bear market with bitUSD. Notice the uptick on bitUSD volume and market cap the past 3 days.
If bitUSD stays off of centralized exchanges, and bitUSD gains more popularity and maintains the peg, then expect Bitshares to be a sanctuary in a bear market.
But at the same time, also expect it to fall back down when the bear market turns bullish.
What do you guys think?
Topic: Is Bitshares a safe haven in a crypto bear market? (Read 461 times)
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