Quote:
Originally Posted by JPhillips
The dollar is infinitely more stable than Bitcoin. Nobody blinks from day to day when it changes value by 10% or more.
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Of course the dollar is more stable than BTC, and of course the US government will never let an unregulated transnational currency become fiat. There's 300 million people in the US, a significant enough % think the US dollar is at risk of collapse due to hyperinflation or want to have something "off the books" (LoL go ETH & de-fi instead at least) that it's driven $$$ into that as a hedging mechanism. It's that & speculators driving the price up, and idk about y'all but when I go to a casino I'd rather put it into something with a lot of upside instead of one like BTC that might have 2?3?x upside but a huge downside too.
Call me Pollyanna on that one if you want - and I know a lot of people were wrong before the huge run up - but if I wanted to put more $$$ into crypto I'd be hitting up Ethereum based stuff or a bundle of small cap de-fi related companies that could make a jump.