The thing about crypto is that it's not tied to a physical thing. Fiat currency circumvents this because you need it to pay taxes. The single largest player in the economy, the government, always and only accepts it. Long before you get to the bullets and beans stage people will lose confidence in crypto. One of the most subtle things the Romanian said was that there might be an initial surge before the selloff. However I have no confidence that I'll be able to buy food with crypto even if there isn't hyperinflation. So why would I think it's going to be of value when there is?
Seriously. Imagine going up to an older guy in a food crisis and trying to buy his potatoes with Bitcoin. It would be an embarrassment.
Goldman-Sachs just listed cryptocurrencies as their own separate asset class.
https://finance.yahoo.com/news/bitcoin-is-officially-a-new-asset-class-goldman-sachs-103540636.html
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