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Ansem: This cycle is closer to 2020 to 2021 year DeFi expansion, with stablecoins and tokenized stocks opening new markets

BlockBeats reported that,October 6, crypto trader Ansem stated that he believes there is limited value in directly mapping this cycle to the market conditions of 2020 year, 2023 year, or 2024 year. For him, the current environment most closely resembles the expansion from 2020 to 2021 year, when a completely new business sector brought tens of billions in DeFi capital on-chain.USD In this cycle, stablecoins—especially tokenized stocks—are opening new markets while attracting participation from retail investors, institutions, and developers. New sectors bring new capital flows, products, and substantial speculative activity; this is the framework he uses to analyze the current cycle.

Original link https://m.theblockbeats.info/flash/370364