Just by holding USDC on coin base, you earn 5.2% APY. Further, you earn interest on that USDC even if that USDC is currently on a buy order. In other words, you can sit pretty with your money growing while waiting for a drop. Therefore, it makes sense to me that this will result in a far less steep crash (if you believe we have passed this cycle's bull run and we're destined for a 50% correcion) than before as more people are content to wait on the sidelines with buy orders.
Disclaimer: I am saying this as someone whose coinbase assets are currently allocated 30% crypto, 20% buy order waiting (USDC), 50% money on the sidelines (USDC)
Please share your thoughts.
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