Morgan Stanley: Most Bitcoins Are Bought With Tether
July 16 2019 - 11:32AM
Crypto Briefing
Tether (USDT) is now the most popular asset for buying Bitcoin
(BTC), suggesting that the latest rally is fueled by existing
rather than new cryptocurrency investors. In a report published
today, U.S. investment bank Morgan Stanley noted a
significant increase in the number of Bitcoin trades against
Tether. This increase coincided with a proportionate decrease
[…]
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Morgan Stanley: Most Bitcoins Are Bought With
Tether appeared first on
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