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If you couldn't sell your crypto for fiat currency accepted by (((banks))), would you put any value or credence into the use of crypto as a viable alternative currency? If crypto was banned from conversion to existing fiat currencies next week, would it hold any value or would there be a mass scramble to dump it before the ban on conversion?

If you couldn't sell your crypto for fiat currency accepted by (((banks))), would you put any value or credence into the use of crypto as a viable alternative currency? If crypto was banned from conversion to existing fiat currencies next week, would it hold any value or would there be a mass scramble to dump it before the ban on conversion?

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[–] 0 pt

Convertion to fiat is only necessary because few goods or services can be purchased directly with crypto. However that could change tomorrow. Crypto is no more or less valuable than fiat. Its all based on who is willing to trade their goods and services for it and at what rate. If anything crypto has the POTENTIAL to be a superior currency to fiat since its quantity can be capped.