Maybe so, but crypto is being pumped up via Tether which is supposed to be 1:1.
If more Tether is being minted, the value of all coins is fake, as it’s attributed to Tether not actual USD.
In the event of a mass sell off, there will be a bank run where Tether won’t be able to provide the money, thus only further tanking the price, assuming that you can even sell it.
The crypto market/USD will collapse before we stop needing fiat as a whole, but it’ll be a huge step.
Cryptos are literally made up of electrons. Gold and silver are tangible.
Yes, but no
Look into Tether, the supposed “on-ramp” from USD/fiat to crypto. Once people realize it’s also manipulated, how much is crypto worth?
That's not where crypto is going. Once government functions run in distributed autonomous organizations who needs government?
Maybe so, but crypto is being pumped up via Tether which is supposed to be 1:1.
If more Tether is being minted, the value of all coins is fake, as it’s attributed to Tether not actual USD.
In the event of a mass sell off, there will be a bank run where Tether won’t be able to provide the money, thus only further tanking the price, assuming that you can even sell it.
The crypto market/USD will collapse before we stop needing fiat as a whole, but it’ll be a huge step.
Because gold and silver also have protons?
Why?
One depends on electricity and the internet, the others do not.
Simple concept, silly.