> Fiat -> stablecoin -> BTC > Fiat -> BTC > basically the same journey stablecoin == fiat is the lie that enabled and perpetuates the crypto madness BTC hol

> Fiat -> stablecoin -> BTC > Fiat -> BTC > basically the same journey stablecoin == fiat is the lie that enabled and perpetuates the crypto madness BTC holders always had trouble getting USD due to KYC onramps and offramps. People couldn't get out of a volatile BTC position back into stable USD fast enough... so holding BTC just wasn't worth the risk. But Tether shows up and voila the holding problem is solved as it's a dollar "equivalent" that doesn't have to deal with pesky KYC laws slowing down USD cash-out. Let's trade one magic token for another on a whim, we'll deal with getting USD later. They're good for it. "Line go up" madness starts. To anyone that's been actually paying attention, Tether is a house of cards waiting to implode. They are not worth 1 USD each, no matter how much anyone wishes, hopes or screams it does. One by one the so-called stablecoins are being shown to be the garbage/scams they are. Once the market wakes up and realizes that they aren't actually worth a dollar, then BTC has nothing left to artificially prop it up. Popcorn time.