In Romania, the M3 monetary mass has gone up by at least 9% each year since 2016, while monetary velocity went down.

Now that velocity is picking back up, we are seeing astronomical inflation.

Just because a govenrnment controls the currency doesn't mean it's in your interest to save long-term in it.

To many cryptocurrency enthusiasts, the fact that such an entity does not govern cryptocurrency is one of its main appeals. They're indeed different beasts but both lack an "intrinsic value": their value is entirely derived from the belief that they can be traded for something else eventually.