Crypto Is Keeping The World Afloat

Make no mistake about it the world is in a global recession if not on be brink of a global depression. For myself however crypto seems to be paving the way for me that I'm not really feeling it so I feel that might be skewing my mindset compared to others struggling during these times.

The good news

Any one of those people can jump into crypto right now taking the skills they learned over the years and start selling them, writing about them here on hive and so on which will generate revenue for them. Show those earnings into a solid DeFi project like CubDeFi and you could be living it large instead of trying to get by.

*of course this article is for entertainment purposes only and not financial advice.

Even with the world in a depression we see a number of things take place which to me are key point indicators into the direction we are headed.

The first being Gold and Silver prices

Now one would think with high inflation and printing of money that gold and silver should be climbing rapidly in price right now as Gold and Silver have been thought of as staples for store of value. However that's not the case and it's not the case by a long shot. Instead it's losing value and this is because the dollar is no longer pegged to the USD. It's also a very regulated and manipulated commodity anymore and it's clearly showing it's ugly head right now.

Instead what we see are crypto assets growing and growing RAPIDLY.

We even see people dumping billions in crypto games in a time where others might be telling you all is lost and doom and gloom I have to say Crypto is the one place that is growing to enormous proportions. In fact soon I'd even put crypto under that famous category "too big to fail"

A Repeat of history

Just 50 years ago Nixon removed the USD off of the Gold standard and what happened next was the USD became the worldwide backed currency. Nearly everything you look at in the world has some for of tie back to the USD which has made the dollar so strong.

There are a number of factors in play right now that where in play when the USD became a world currency. We are now seeing those factors pump into Crypto. Not only just Bitcoin either but other cryptos which is fueling one of the largest wealth transfers ever. All we hear from the US government is what I would call sheer panic as they are trying to enforce things that by law (or current laws) are not allowed and attempting to gain more power to control these things.

So where does that put me?
100% bet on Crypto and less and less bet of FIAT currency. Tether itself has greatly show it's potential to the world as being a fast, 24/7 traded currency that moves wealth and moves it quickly. Unlike highly regulated FIAT currency which takes days, weeks even months some times to secure loans and move forward. That old system is dying and the old farts in office at least most of them are clawing and trying to make sense of it.

What they need to do is embrace it and build wealth instead of trying to tear down something they can't control. Otherwise come one morning they are going to wake up and realize it's all over and they screwed up royally. I guess I can say you're welcome government as I'm way ahead of you on this and doing the work for you since you're uncapable.

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