2 ms·
Yes, people may be able to live their life without going back to USD currency, so their will be no devaluation of a crypo X as long as people trust it (as gold)
by y04nn 9y ago
Yes, people may be able to live their life without going back to USD currency, so their will be no devaluation of a crypo X as long as people trust it (as gold). When a cryto X is not trusted anymore people are going to stop using it to go back to USD or another crypto thus devaluating the cryto X in respect to the USD.
A big advantage of cryptocurrencies (I think) is that there is no regulation (no central bank injecting billions), but it is also its Achilles's heel because it can't be used ha s a commodity currency because it miss the stability of a currency backed by a central bank.