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22904106 No.22904106 [Reply] [Original]

Black swan event happens out of nowhere, the USD crashes and is worthless. What happens to coins that are tethered to the price of the USD?

>> No.22904116

>>22904106
The tether printer will go brrr

>> No.22904126

>>22904106
You'll have bigger things to worry about than internet funny money

>> No.22904136

When (not if) that happens, these stablecoins will go down with fiat. That tragedy is offset by the rest of the market exploding in value

>> No.22904163

>>22904136
>exploding in value
...in now worthless usd?

>> No.22904171

it means get the fuck off of stable coins and get the fuck in btc or altcoins

>> No.22904184
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22904184

>>22904106
>Oi-oi

>> No.22904186

>>22904163
It's all relative.

People won't use USD at that point. Only an immutable currency. Gold or other precious metals won't be it due to space mining and reserves from China and Russia.

>> No.22904191

>>22904136
where else could wealthy people store their money besides gold and crypto?

>> No.22904213

>>22904191
In hard assets. Companies, infrastructure and entire countries.

>> No.22904234

>>22904106
BTC pumps hard

>> No.22904254

>>22904213
how easily could wealthy people move their money to that though. Not many people can just have money sitting in hard assets in prep for a crash.

>> No.22904345

>>22904234
this is the only correct answer, everything else is false

>> No.22904654

>>22904254
Invest in tech startups with a promising future (10-50k). Bonus points if they do something with blockchain