The Canadian cryptograph and developer Peter Todd said at the PermisSionless IV conference in Brooklyn, which is less interesting for simple and daily operations than stablecoins.

At an event organized by BlockWorks in New York, the famous Bitcoin Core developer Peter Todd said that stabilcoins, such as Tether (USDT), are more attracted to a mass user due to the stability of the course, unlike unpredictable bitcoin.

Todd noted that Bitcoin, despite the status of a crypto pioneer, is gradually losing popularity among users due to high volatility and the difficulty of using in everyday calculations. Stablecoins, on the contrary, provide the convenience of everyday transactions and stakeing, which makes them preferable for beginners and business.

“I think that bitcoiners tend to overestimate the meaning of the flagship cryptocurrency and often underestimate the popularity of USDT. Ordinary people want predictability, not speculation. And they are worried that they can use something quite stable in the calculations, ”Todd said.

He pointed out that his conclusions about the growth of the popularity of stablecoins are confirmed by the data of independent observations of popular crypto platforms that report the constant growth of stablecron capitalization. So, for example, USDT capitalization, close Approached by $ 160 billion.

Todd noted that the modern cryptoine is a witness to the collision of two investment strategies. On the one hand, stabilcoins strengthen positions as a tool for payments and investments, attracting new market participants. On the other hand, Bitcoin retains the status of “digital gold” for long -term investors, but can lose the mass audience.

Against this background, Todd believes, crypto -investors should seek to diversify their portfolios, given the possible risks of volatility and regulatory challenges.

Earlier, in an interview with Wied, Peter Todd said that he had security problems after the HBO documentary about the likely creator of Bitcoin “Electric Money: Bitcoin Secret”, where they tried to associate him with the mysterious person of Satoshi Nakamoto.