How safe is it nowadays, with banks collapsing and with them the whole financial system, to have faith in stablecoins which are backed by the dollar? What is the intrinsic value of the dollar, but just a belief that stemmed from when it was still backed by gold? Former Fed Chairman Paul Volcker once said in an interview that “it is a governmental responsibility to maintain the value of the currency they issue. And when they fail to do that, it is something that undermines an essential trust in government.”Can they save the day again by printing more? How much longer will they get away with just putting on band-aids while the whole economy is bleeding? My point, it doesn’t matter if one keeps $USDT or $USDC or any other stable, when the dollar goes to zero and all trust is gone. Are $PAXG and $BTC the solution in these times to prevent more losses?
@WeAreStardust we do not have the crystal ball to tell you what to do but can say that diversification is probably the right thing in times of uncertainty. That being said, we do hope $BTC will start to get adopted more and prove itself as a currency over the long run.