You are wrong 100%. There is HUGE fifference between crypto and US dollar.
Why?
Because NOTHING backs crypto.
US dollar is backed by power of government to tax everyone who makes money. Yes, the dollar is continuously being devalued by excessive spending. But it has a backing.
Crypto has NONE.
Crypto has NONE.
A cryptocurrency like bitcoin is actually ‘backed’ by the inviolable nature of mathematics. Trust in the ‘full faith and credit’ of politicians, or faith that 2+2=4 today, tomorrow, and forevermore?
To stick with a monetary instrument that you know politicians will continue to debase, or use a monetary instrument that the politicians have no power to debase or steal?
Which would you prefer? And why?
Honestly, the fact that no government can create more Bitcoin is one of its biggest positives. There are a finite number that can be created. Period. It cannot be inflated at the whim of someone like Yellen or the Fed.
But, it is a currency, it is not an “investment.” Looking at the price of bitcoin every day is no different than checking out the dollar index daily. And unless you are very skilled, currency trading is not for the feint of heart.
And making statements about the entire crypto environment without distinguishing what coin/token is being referred to is painting with a very broad brush.