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RE: Crypto vs Fiat, what influences price change?
Fiat is associated with counties, stocks - with companies. Crypto is like a crowd's currency, so it's mainly depends on public opinion and currently (unforunately) crowd's greed. Most of investors looking just for money and don't understand crypto's real value, that's why it's so easy to manipulate the price using mass media.
P.S. Thank you for you a good post and time spent on it, upvoted and followed ;)
Thanks for commenting!
Yeah, crypto needs some utilization to be accepted by public opinion as a stable asset.
And the regulation issues need to be resolved as well. I like John McAfee's approach, he admits that there are real issues with crypto like scams, white washing, funding criminal activities, etc. But he doesn't think governments should try to intervene, since technically they can't (they can only censor web traffic and regulate payments). He feels that crypto instead should be self-regulated.
Cheers.