The World Economy Vs Crypto Holders

So there is no much difference between the euro, pounds and the dollar as 1 euro is $0.96 and 1 pound is equal to 1.06 dollars. So yeah, no much difference, what might be the reason for the price being of these other currencies who were assumed to be more valuable than dollar be this low? These currencies value got to the price that we haven’t seen in more than 10 years, and the world is acting like it’s normal. It’s easier to think that the fall of the British pound could have been as a result of the queen’s death, but after reading the reasons, it about debt interest and all that. I am not really enthusiastic about fiat talks because, it’s fiat.

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But after seeing the news and what is going on with fiat value, I don’t see anyone calling fiat scam or saying it’s about to die because it’s losing its value to dollar, even though we have all agreed that fiat is a shitcoin. Has unlimited supply, can be printed anytime and any how, no transparency and it’s so centralized by the government. Dollar is looking more stable than the euro and the British pound now, let’s be sincere, it’s the king of currency in the world. But where do the crypto investors stand in all these? They are just here keeping it calm and positive holding their crypto investment and hoping the bear market comes to an end.

This is why crypto is used as an asset against inflation, used to be gold, but common, people know better now, it’s digital, easy to transfer, cheap to transfer, you don’t have to worry about logistics when moving and all that, you know drill towards crypto vs gold. Remember when some crypto enthusiasts were suggesting that fiat will be almost useless before the next 20 years, because more people will be using crypto and the value of crypto won’t be compared to the value of fiat by then, well, is this a sign that it’s about to come through. Will the government allow this happen? Or they will have no power in this when this slowly and gradually becomes a reality?

This has already sparked fear in lots of central banks as some of them are saying that they might lose their role as being a monetary anchor to digital currencies and we know that these digital currencies that they fear they might be losing their power to is crypto. Crypto assets are still new and a lot of development and guidance are needed in making sure that crypto is used properly and not utilized wrongly so we don’t get this decentralized financial way shoot us in the foot.

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I have much more faith in certain cryptocurrencies, such as HIVE, than I do any fiat currency. One was designed to enslave, one to liberate, so my choice is quite clear. 🙏 💚

That is so right, Hive gives complete freedom and isn’t centralized.

Exactly! It gives power and freedom back to The People!