[Pollard]

I would think they’d use some kind of stable coin instead of something that might be $50k this week and $30k next week.

[BiglyCommentary]

Don’t be a troublemaker and impose real world “stuff” on the coin hobbyist’s dream.

[Kevmo]

The attraction is that it’s not tied to any other nation’s capricious monetary policies.

[neefer]

I would think they’d use some kind of stable coin instead of something that might be $50k this week and $30k next week.

It depends if you view volatility as good or bad. If you bought at $30k and sold at $50K that's one hell of nice gain in a short period of time. Unless you're quite wealthy, it would be difficult to make that type of gain in stocks within a week.

Sure, the stable coins that are tagged to the dollar don't fluctuate, but you're not going to gain anything. In the 50 years since Nixon took us off the gold standard, the dollar has slowly lost its value. Biden is trying to accelerate that trend.

[DesertRhino]

What stable coin are you referring to? Gold? Or another crypto.

[Vermont Lt]

I honk the idea is to disengage from the dollar.