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HeroicCrono
09/18/21 8:04:53 PM
#290:


I think the dollar and crypto can coexist because crypto really isn't used for the same purposes. As long as it's volatile, people will never hold or use crypto like they hold and use cash.

The US is probably quite willing to defend dollar hegemony (it really is the post-gold international gold standard) but crypto doesn't threaten it, at least not as it's currently constituted. If it ever gets that way, it won't keep going up at that point so it would not be a good investment then anyway.

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