“They are only a hedge against the collapse of the US Dollar, not inflation.”
I don’t agree with that either. Like I said what backs up crypto? Nothing of intrinsic value. And coins like Doge are fiat because there is not a limit to how many can be “minted”.
At least with equities you are part owner in an actual company. With hard assets, there is the hard asset. With crypto there’s NOTHING.
And I’m not saying there isn’t money to be made, there is but it’s through pure speculation.
...I don’t agree with that either. Like I said what backs up crypto? Nothing of intrinsic value...
The same is true for any fiat currency ... including the US dollar.