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RE: Why Bitcoin Failed The Inflation Test

in LeoFinance3 years ago

Tough topic to tackle.
Excellent topic to discus, as Bitcoin failed to be the anti-inflation pill, and many were disappointed. I agree we must accept that Bitcoin will be Bitcoin, not some magic pill we envision it to be, and it is a risky, volatile asset which has outperformed other risky assets.

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All of the traditional crypto falls into this. Just wrote an article how Stablecoins like HBD will help to lead the way.

They do not have the same degree of volatility and can serve as a unit of exchange most understand.

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I agree 100%. I read articles where people look at stablecoins with distain, as the anthesis of crypto because they are sometimes pegged to the dollar. But we needd more then one tool in our tool belt to fix the broken machine. This is both a tool and a innovation, which like you said, is part of the way or path forward.
I will read your article.

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