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No, because the USD market price is psychological, just like the stock market [1]. And no, BTC is not the reserve currency; Ethereum is. Nearly all of these "c
by rglover 4y ago
No, because the USD market price is psychological, just like the stock market [1].
And no, BTC is not the reserve currency; Ethereum is. Nearly all of these "crypto tokens" are just ERC-20 contracts that run as contracts on the Ethereum network. They're not even cryptocurrencies, just contracts with sets of rules that mimic the properties of a currency.
[1] https://www.investopedia.com/terms/m/mr-market.asp https://www.investopedia.com/terms/m/mr-market.asp