I think we'll see crypto absorb the rest of the buying power that fiat has until the value of the dollar is meaningless. At which point we'd probably just base the price of alts according BTC (which is what we should do already), or maybe a stable coin.
At that point anyone still using the dolla,r or any fiat for that matter, would be subjecting themselves to something similar to what Venezuela is experiencing right now.
Real question... What intrinsic value does crypto have? It's just a blip on a computer. Disclaimer: I've got bags of my favs as an asset. Permissionless, censorship resistant, borderless cash flow. Secure digital currency.
No government can print more of it on a whim, and any attempt to capture a majority of the market will force the price higher than feasible to do so. 97.3% of crypto coins will go to zero.
It is not the government that prints. It's the central banks. They borrow states permanently money for bonds. That's a small but important diffdrence in the game
You're right! Cryptos need to prove their intrinsic value. This can be in the form of raw computation power, speed, storage etc. that will be appealing to Enterprises and making them build dapps on these blockchain networks. Then we'll see.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit