Crypto is a race to the bottom. Investing in a currency to make money is stupid. Presuming you don’t do that, crypto use is mostly supporting untraceable transactions which, by and large, are unsavory.
There is an argument for Bitcoin, but that argument was 6 or so years ago. Right now crypto and blockchain are a really good way to light your money on fire.
One of the reasons crypto works is that it didn’t create money out of thin air like the dollar where they print unlimited money, devaluing everyone’s money.
That’s always going to a positive which is one of the main benefits of chains like bitcoin over the dollar.
And because of this, Blockchains like bitcoin hold value better than the dollar.
In the last 10 years, the dollar has lost 49% of its purchasing power, as measured in gold.
While bitcoin has increased from $300 to $100,000 in the same time year period an increase in value of 35,287%.
Crypto like bitcoin and Ethereum are fighting against the bank monopoly
Bless your heart.
Crypto is a race to the bottom. Investing in a currency to make money is stupid. Presuming you don’t do that, crypto use is mostly supporting untraceable transactions which, by and large, are unsavory.
There is an argument for Bitcoin, but that argument was 6 or so years ago. Right now crypto and blockchain are a really good way to light your money on fire.
One of the reasons crypto works is that it didn’t create money out of thin air like the dollar where they print unlimited money, devaluing everyone’s money.
That’s always going to a positive which is one of the main benefits of chains like bitcoin over the dollar.
And because of this, Blockchains like bitcoin hold value better than the dollar.
In the last 10 years, the dollar has lost 49% of its purchasing power, as measured in gold.
While bitcoin has increased from $300 to $100,000 in the same time year period an increase in value of 35,287%.