Not... The printing presses at the fed were basically given the green light to collpse the dollar .... Stocks gold and crypto will be your only hedge against inflation
how does crypto actually hedge against anything? It's backed by nothing. I don't get it. People are just dumping money there for now but it's never going to be widely used by the masses. It is just tulipmania, a store of value, but not a real store of value like gold. As soon as US gov creates a dollar blockchain or gold backed dollar blockchain or something along those lines, bitcoin will collapse too. Or if people just come to their senses and realize bitcoin is just a bigger fool theory exercise
Not... The printing presses at the fed were basically given the green light to collpse the dollar .... Stocks gold and crypto will be your only hedge against inflation
how does crypto actually hedge against anything? It's backed by nothing. I don't get it. People are just dumping money there for now but it's never going to be widely used by the masses. It is just tulipmania, a store of value, but not a real store of value like gold. As soon as US gov creates a dollar blockchain or gold backed dollar blockchain or something along those lines, bitcoin will collapse too. Or if people just come to their senses and realize bitcoin is just a bigger fool theory exercise
You answered your own question... Based on perceived value. You dont need anything else
So then by that logic, perception can change at any time and for any reason. I mean... right?