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RE: How Many People are Truly Using Crypto to Avoid Capital Controls?
The USD, EUR, RMB have a very very high level of stability. Were talking about needing little volatility for shorter periods like a week or so if we want to have utility as a transitory currency. Over a long time is a totally different thing that realistically I dont think any currency will ever be stable in that case.
Agreed.
For the USD, EUR, RMB and GBP, the fluxuations (by percentage) are much easier to accept from an investment standpoint.