With the high level of volatility and constant fluctuation in market capitalization on crypto currencies would there ever come a time we would trade crypto based on the value it has in it's self and not in exchange for fiat currency. Many countries has now adopted crypto as mode of payment but we are still faced with the issues of price irregularities. If we decide to adopt crypto fully as a global legal tender how do we deal with this price fluctuation.
This is the edge fiat and centralized currencies have over crypto and this has made so many shy away from doing legal business transaction using some crypto most especially during bear market. Can this issue get a remedy?
This is the edge fiat and centralized currencies have over crypto and this has made so many shy away from doing legal business transaction using some crypto most especially during bear market. Can this issue get a remedy?
The answer is both very simple and at the same time difficult. As soon as the cryptocurrency is an element of the expression of value, for example, the gross product, how does the same fiat currency work in every country. More precisely, something like this with its own nuances
But then the question arises - what products / services will form this value, and even considering that cryptocurrencies are decentralized? Perhaps you need to look for another "ruler" to measure cryptocurrencies. The classic, fiat approach is most likely not feasible