The EU, long cautious in its approach to digital currencies, has been compelled to accelerate its plans for a digital euro. Previously, the ECB leaned toward a private, centralized system for the digital euro, citing privacy and security concerns. However, the passage of the GENIUS Act has prompted a reevaluation of these assumptions. Arthur Hayes’ forecast of a crypto bull run extending into 2028 hinges on the continued growth and integration of stablecoins into global financial systems. Hayes’ prediction of a prolonged bull run underscores the growing influence of stablecoins and the potential for blockchain technology to redefine global financial systems [5].

Source: The Irish Times August 25, 2025 11:13 UTC