Crypto may be a bad bet in a world where the dollar implodes. If crypto is predominantly healed by dollar holders - rebalancing from crypto to the dollar denomi

Crypto may be a bad bet in a world where the dollar implodes. If crypto is predominantly healed by dollar holders - rebalancing from crypto to the dollar denominated assets they need to function could harm crypto prices. Alternately, in the event of a dollar default - the world may not be conducive to the capex+energy expenditure required to mine crypto. If interest rates went to 20-30%, I’m not sure that crypto mining would be a viable concern - causing instability throughout the crypto world. That being said, whether crypto is a good hedge or not really depends on whether it’s worth putting money in today - regardless of the potential for US default. Particularly in comparison to Yen, euro, and yuan assets.