Comment by lrvick
17 days ago
Good to hedge bets. The value of Fiat can go to zero at any time too. Especially when leadership is always talking about printing trillions of dollars to give every citizen checks.
17 days ago
Good to hedge bets. The value of Fiat can go to zero at any time too. Especially when leadership is always talking about printing trillions of dollars to give every citizen checks.
That's like saying you're hedging against economic troubles by trading stock options on margin.
I mean crypto might seem like such a hedge, comparable to gold. But really it's a wealth redistribution scheme where already the current valuation depends somewhat on trusting exchanges that issue stable coins.