That BTC/Crypto is not a relative currency to usd? If us credit crashes crypto will be worth more in usd... it is bound to the global Economy based on the fact that its only worth what people will pay for it and supply. Trading all assets for crypto is likely a better option than cash. Someone please give me a good arguement against it? Like really if i dont find a good reason not to soon i am.
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No military is going to defend crypto.
What happens when the military starts having to defend extrinsic value? The military is officially not funded at that point therefore there is no military. As much as we like to believe our military would defend with no pay... they wouldn't.
Crypto is air in a bubble.
Arguably yeah. But the same argument can be made about us currency it's literally backed by the debt other countries have to us... if something happens to the us eg. Loss of a war, grid drop, net drop, ect. The USD is valueless.
All those events would impact the value of the dollar. Other countries buy our debt because it is safe. Every asset is valued today based upon its propensity to generate future cash flow. That projection is discounted back to today based on an expected rate of return adjusted for risk.
So, there are thousands of variables in that sentence, but essentially when the government taxes us at such a rate that there is no incentive to work or invest, the economy collapses, there are no more taxes, government collapses.