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If crashing cryptocurrencies was high on the list of major government priorities, they would have already done it. Crypto has no value whatsoever in "creating
by notahacker 5y ago
If crashing cryptocurrencies was high on the list of major government priorities, they would have already done it.
Crypto has no value whatsoever in "creating support for fiat". Fiat is supported by trillions of dollars of debts and taxes that must be paid in it. Next to that, the crypto ecosystem is tiny, unstable, not closely tied to any one particular currency and not particularly useful in generating economic growth. If there was no crypto approximately the same amount of fiat would be in circulation, possibly a little less.
I do like the creativity in imagining that somehow it's not fellow cryptoenthusiasts manipulating the markets though.