Ask Leo: if Crypto was stable would fiat lose it value
The existence of Cryptocurrency have been a talking point for so many people where we see people showcasing more hope of seeing Crypto taking over fiat in terms of it usage and Investments. This however generate such hope especially when the prices of cryptocurrency are high.
But then we never can tell because cryptocurrency fluctuation is a very unpredictable fluctuation in term of it prices because we may believe to see it rise and eventually see a different price either high or low.
The most interesting part of it is that the fluctuations in it price, is the main reason why people are accepting it Investments and this is because there is every tendency that what you invest today might turn in multiple when there is a positive turnaround or an increase in the bull market.
With that been said if Crypto can be a positive hope of creating a means of financial survival and dependency to people around the world, what effect with it showcase if it price was stable. We all know that cryptocurrency is never stable in it price but what if it was will it affect the usage of fiat.
I will like to hear you guys opinion on this thanks.
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If crypto prices will always be stable , I think it would become something of interest to more people as they might prefer to spend via crypto instead of fiats.
I believe it will be more acceptable to use than fiat especially with the way the earnings would come
Yeah sure