Don’t get me wrong. They have already kicked the can much further down the road (trying to avoid the inevitable) than anyone imagined they could. They simply are out of weapons to undo what they created over the last 100 years. We are at the day of reckoning. But even then, what is protecting crypto other than raw faith?
i.e. as bad as Fiat money is as a stable store of wealth, Crypto is worse, IMO.
“We are at the day of reckoning.”
You do know that’s a 60 year-old claim, right?
There’s a reason fiat money has lasted since the cavemen used clamshells as money.