Here is a tweet that says it all, from a few hours ago on my twitter feed, @PlatinumRic:
“Stable Coins will be the winning crypto accomplishing transaction efficiency which all modern economies can support, avoiding the siren’s song of invisibility & limited supply, both the basis for the flawed value argument for bitcoin and what will be an unsupported crypto regardless of recognition.”
And here is a tweet sent a few minutes later:
“The surge in bitcoin from less than $.01 in only a handful of years reflects, in part, the market’s subconscious desire to find a store of value that avoids the inevitable erosion of fiat currencies. But its not bitcoin; its gold & hi quality stocks that at least maintain purchasing power parity.”
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