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Gold → Dollar → Digital dollar
In the past, the gold standard prevailed, and gold was accepted as the first reserve currency.
Then the US Dollar came into play and became a global reserve currency backed by gold.
Then, the US Dollar severed its link with gold and has come to the present day as a trust-based currency.
Stablecoins are digital assets pegged to the US Dollar at a 1:1 ratio.
So if you trust stablecoins, you trust the American Dollar.
In short, the cryptocurrency market will open up a perfect systemic continuation or a way to manage for a while longer in order to maintain the strength of the Dollar and increase its global usage.
The US Genius ACT laws have drawn in presidents, big companies, and important figures into crypto, which is why all countries and global corporations will follow this path. The process has just begun.
Trillions of dollars will flow into the market through stablecoins.
The whole world will enter crypto.
Every day, more and more new people will get to know 1-1 USD backed stablecoins and will use it in both spending and as they learn in the market.
Those who stay away from leveraged futures trading and patiently wait in the volatile market for the right products are in for very nice days and rewards.
These are what I observed.
I think we have entered a transition period.
Every transition period is painful.
It feels like we are experiencing the pains of this.
But we are ahead of the whole world because we have mastered all the dynamics of the market and improved ourselves.
There will be ups and downs. Be patient. During this process, focus on institutional projects that continue to build, and make sure to wait for the process with a diversified investment approach. While waiting, research, observe, and learn everything.
#bitcoin altcoin #crypto