While the market continues to trend bullish, we should forget that we are in another 4-year cycle, and usually in the first year, the market tends to create its ATH before the bear market begins.
While BTC and other tokens are doing well now, it would be smart to prepare for the bear market by holding stablecoins to earn yield, so profits earned and the capital can be used to invest when the market shows an opportunity to.
In search of a way to do this, I stumbled upon BGUSD, a certificate backed by a basket of RW assets that can be converted to USDC at a 1:1 ratio. It gives an APY of 5%, and its subscription is free for your first 30 days. I am curious to know if there are others so I can compare and contrast before making a decision. If you have found others, please share in the comments.
Holding that money in Bitcoin for a long term will yield a much higher profit than staking stable coins for just 5% APY. We tend to be too safe and sometimes too greedy and forget about investing in Bitcoin and keep our money in different places due to which we end up losing a lot without our knowledge. Holding stable coins is very safe and it keeps our money stable even in very bad market situations due to which we can invest it in any coin in a bear season later. However, holding stable coins all the time may not be the right decision.