Crypto currency has no intrinsic value. It's a Ponzi scheme set up to hide and launder money. No wonder Trump loves it.
Crypto currency has no intrinsic value. It's a Ponzi scheme set up to hide and launder money. No wonder Trump loves it.
But what intrinsic value is in fiat currency? It's worth what people say it's worth. What you get for a dollar in the U.S. is different than a dollar in other places. And there's actually less fraud in crypto than fiat currency. LOTS of major companies accept it now. It's not going away.
Fiat has their own cryptocurrency?
Yeah. But it breaks down a lot. 👍
Might as well call the US the tulip bulb capitol of the world.
Good analogy.
Once banks and financial institutions get tangled up with it, the coming crypto crash (see also, FTX) will impact everyone whether they own crypto or not. Crypto currencies are the new subprime mortgages.