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I don't think anybody is expecting cryptocurrencies as a whole to cease to exist. I do think a lot of people, including myself, see the current turmoil in the

I don't think anybody is expecting cryptocurrencies as a whole to cease to exist. I do think a lot of people, including myself, see the current turmoil in the market as only a precursor to what will happen if/when Tether implodes and a whole lot of funny money is suddenly sucked out of the system. In crypto history terms, this would be a Mt Gox level event, which crashed prices by over 80%: https://en.wikipedia.org/wiki/Mt._Gox#/media/File:Bitcoin_exchange_mtgox_-_Feb2012-Feb2014_-_log_scale.png https://en.wikipedia.org/wiki/Mt._Gox#/media/File:Bitcoin_ex... (log scaled)

Shorel 4y ago
Exactly. I expect that to happen to tether eventually, just because of inflation. There's also the probability of a 'flippening' event in the future, because ETH is no longer PoW. So ETH would switch to be the #1 currency. Or maybe not. But the cat is out of the bag, and cryptocurrencies are here to stay, and I would even say in any four year period they will still gain more than any other kind of asset for the foreseeable future.