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I agree with OP. Of course, the usual suspects get their panties in a bunch at the thought of crypto. I mean the GFY Luddites that somehow got tricked into using computers for porn. My wife is a physician that, when she lived in Moscow, sometimes got paid for her services with a chicken or vegetables.
Now Fiat money is a currency without intrinsic value established as money by a government regulation or law. The Luddites here love Fiat money. Until the government fails or inflation gets out of control. The fear of crypto is decentralization and the loss of control by the regulators.
The popularity of crypto is determined by those who purchase,use or hold, in other words, the people, not the institutions. Eventually, Bitcoin, will stabilize, but now, for instance, big players on Wall Street can manipulate crypto prices the same way they do stock prices. By creating distraction they cause the price to drop and they swoop in to purchase. A time honored way of fucking around that's been going on for centuries now.
Doesn't change a thing. Bitcoin and other coins just keep on growing in popularity. The naysayers are a smaller and smaller group of individuals that will eventually have to accept the inevitable. Too many people see the possibilities of crypto for it to die out.
Welcome to the future, here's a chicken for you.
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