According to Mihir (@RhythmicAnalyst), recent discussions around stablecoin regulation clarify that Bitcoin (BTC) is not considered a threat to traditional payment systems, as it is not widely used for payments (Source: Twitter, June 19, 2025). This distinction may influence regulatory focus, with stablecoins facing more scrutiny while BTC continues to be viewed primarily as a store of value. Traders should monitor stablecoin-related policy changes, as these could impact liquidity and trading volumes in the broader crypto market.