Beyond speculation and illicit use, cryptocurrency lacks practical utility

Janak9955

In recent times, the cryptocurrency market, led by Bitcoin, has experienced a surge, with its total market value approaching three trillion dollars. Some are jubilant, while others cry bubble.

In my opinion, in the long run, cryptocurrency is bound to continue appreciating. The essence of Bitcoin or cryptocurrency is a tool to dilute the inflation of the US dollar. In the past, after the overissuance of the dollar, the Federal Reserve's approach was to use the dominance of the dollar to exchange printed paper for goods worldwide. Because the vast majority of international trade transactions are settled in dollars, as long as the excess currency is restricted from flowing back to the United States as much as possible, it will not cause malignant inflation. Simply put, it spreads the risk of US overissuance throughout the world.

However, as time goes on, Americans are finding it increasingly difficult to use this tactic. Other countries are not fools either; they also want to break free from reliance on the dollar. Over the years, countries like China have actively promoted the internationalization of their currencies. In this situation, domestic inflation rates in the United States continue to rise.

Therefore, some clever high-end players have designed the "genius" architecture of cryptocurrency. They absorb these trillions of excess dollars and trap them in this pond. They have elevated a string of ethereal digits to their current heights. In this way, as long as this money remains in the pool, it will not flow into the market and drive up inflation. As for concepts like "decentralization," they are nothing more than a packaging technique. The more abstract and incomprehensible they are, the more real this "scam" appears.

So, once you understand the essence of cryptocurrency, you can make a basic judgment about its long-term trend.

Is cryptocurrency a scam? Yes, but it's an extremely sophisticated high-stakes game designed to deceive the world. Is cryptocurrency a bubble? Yes, but as long as the Federal Reserve continues to print money, this bubble will not burst; instead, it will be gradually inflated, and the water in the pool will only increase.

Jatin255

This can also bypass fiat currency.

Jiger955

Surely, there will still be people in tears or in unbearable situations.

Shri333

It's already late in the season, and there are no top-tier coaches available in the market. Otherwise, Ten Hag wouldn't be able to hold on. The key issue is that Ten Hag has already lost the support of most people, whether it's the fans, management, or players.

Samiksha

Your opinion and suggestions must be seriously considered.