Agree that it's better to keep it in BTC/crypto/stablecoins.
But what if one day fiat is completely gone and we are operating 100% on cryptocurrencies...
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Agree that it's better to keep it in BTC/crypto/stablecoins.
But what if one day fiat is completely gone and we are operating 100% on cryptocurrencies...
I would like that possibility lol.
Which cryptocurrency will everything be priced on, BTC or stables? For the latter, it will be easier to adopt than the former because it's inherently not volatile.
Good question.
Do we have any guarantee that the US dollar will always remain "stable" though?
We don't, not by a long mile. I've not given much thought to it but it seems like people in this space ought to treat stablecoins like they would treat USD as fiat. Since it represents one unit of the latter, one is better off not holding much stablecoins if its not a necessity as the principles of having one's purchasing power devalued still applies in some sense.