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This is definitely something that I keep at the back of my mind. That said, my current world view is that the entire fiat monetary system itself is a bubble. In
by cryptica 6y ago
This is definitely something that I keep at the back of my mind. That said, my current world view is that the entire fiat monetary system itself is a bubble. In that context, cryptocurrencies are a lesser bubble and by virtue of their limited supply, they will continue going up in value as they are constantly propped up by an infinite supply of newly printed credit from banks. The cryptocurrency community's ability to continuously buy politicians and journalists also helps ensure continued dominance.
Everything that's happening around the world now perfectly aligns with my world view. Guess who is going to benefit from the Fed's massive covid-19 fiat injections?