Re:MasterCard to open up network to cryptocurrencies
by SuoDuanDao on Friday February 12, 2021 @10:29AM
(#26114684)
>Go off-grid for two weeks and there is a non trivial chance that some weird shit happened within crypto that is now an obstacle (crash or rally, outlawing, split, ...). That does not happen with US dollars.
That is fair, but it would be more accurate to say 'has not happened with US dollars since 1930'. Currencies collapse is not that unusual an occurrence, my own (German) grandparents live through five separate currency regimes in the same country. Being truly uncorrelated with most other investments can be a real selling point for a hedge like BTC.
Disclosure: I own several cryptocurrencies including BTC which I mentally categorise as 'collectables'.
That is fair, but it would be more accurate to say 'has not happened with US dollars since 1930'. Currencies collapse is not that unusual an occurrence, my own (German) grandparents live through five separate currency regimes in the same country. Being truly uncorrelated with most other investments can be a real selling point for a hedge like BTC.
Disclosure: I own several cryptocurrencies including BTC which I mentally categorise as 'collectables'.