Looking at the past financial crises that happened, they all seem to have a few things in common, such as the mass adoption of a new financial product or technology (e.g. mortgage backed securities in 2008, dotcom boom in 2000). Given the extent to which institutions (and some influential figures) have been manipulating crypto recently, do you guys think this narrative is likely?
Crypto is a way out of the financial crisis not a way to get into the financial crisis which is why I doubt that it really will impact the world in a bad way. Sure we have downs, look at the prices now, they are all 50% or so down from what they were and not looking good, but at least whenever dollar gets devalued we are there to pick up the slack and go up. That is why I think it is quite important to realize bitcoin is savior and not a monster.
Fiat on the other hand? It is a constant down for it, due to inflation whatever you have right now means you will have less in the future. Technically speaking I am making 3x more than what I used to make in my national fiat amount, but I can't live as good as I used to, thank god I had a job during pandemic as well but it is seriously horrible that even after making 3x more I am still living worse each year, think about what that means for fiat.