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According to cryptocurrency maximalists, the value of crypto should go up relative to fiat in times of uncertainty, it'd protect you from inflation, be a store
by piva00 4y ago
According to cryptocurrency maximalists, the value of crypto should go up relative to fiat in times of uncertainty, it'd protect you from inflation, be a store of value in case of war, help transactions cross-borders and cross-sanctions, etc.
All bullshit but that was the peddling going on for years, I don't think it's entirely reductive given how the cult tried to propagandise itself.
- ekianjo 4y agoThat might have been true in theory but since crypto has become a highly volatile speculative asset its the first thing that will be sold in times of crisis therefore bringing its value down.