Greetings,
How are you doing, crypto fan and Bitcoin stacker?
The month is an almost over and the news on the crypto world has got so many eyes on the price of Bitcoin.
I personally do not believe that the price of Bitcoin should value in USD fiat. It is not a reasonable method to check the value of your asset in BTC. It will be better if the new standard of rating BTC against rare earth material become the world consensus on the value of one asset that can be multiple against another asset that has a finite supply.
It was the thoughts I was happy to put into the community and hope to get more interesting idea about the best way to value the ever-growing potential of Bitcoin.
I have not really seen the long-term feasibility of Stable coin backed in a fiat currency that keep losing value.
It is important to not store all your assets into USD backed token stable coin. Stable coins play a valuable role into the crypto market and also business acceptance of crypto.
The marketplace, especially restaurant can not properly operate if the token they receive is volatile on the market.
Regards
Interesting and new topic, I look forward to reading this. I will also share it for awareness and discussion.
Thank you
Much of the volatility is a result of volatility of the currency. We're going to have to endure this transition period until people naturally start pricing things in sats. Before that, more people need to be comfortable dealing with crypto. So I think this is where stablecoins are a benefit as it makes people more comfortable with blockchain.
It is certainly the way things are going to progress in the crypto world
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