I can understand the motives for staking when the market is falling or there are no indicators that Bitcoin may increase, but I see an increasing interest in staking stablecoin, as with a quick search on social media or asking some of my trader friends, I was surprised that some of them are staking large amounts while the market is rising and can earns more by buying Bitcoin.
Stablecoin - the name itself speaks to their value: stable, meaning that investors can rest assured that their assets will be protected and will not evaporate in a market downturn. This is one of the most important needs of investors, which means they often hold a portion of their assets in stablecoins instead of other tokens.
According to your logic: in bullrun, BTC and ALTS will increase in price and generate more profits than the APR of stablecoin staking. However, not all tokens will increase in price and be more profitable than holding stablecoins. We hear that 90-95% of investors lose money, only 5-10% make a profit in the crypto market, so just holding stablecoins and staking is an easy way for investors to make a profit. In addition, in bullrun, the APR for stablecoins staking is also quite high, it can be up to over 10% and is really attractive. Ultimately, every choice depends on the investor's risk appetite.
My friends buy and hold USDT not to invest, but simply to hedge against the depreciation of local currency against $ and to earn higher interest rates than the bank. They hold USDT and stake USDT.