Less than .00001% of transactions, maybe, mainly because bitcoin has hilarious transactions fees. It can easily cost you $8 to pay for a $1 stick of gum, and that transaction will still not clear for a dozen minutes. Its just non viable in the real world.
Mostly you can change crypto to an actual currency. That’s just whatever.
Yes, business transactions are still negligible, but not impossible. I look for crypto to rise as the USD/GBP destabilize. I say this without holding any sort of crypto and I’m certainly not an economist (but look for commodities and paper products to skyrocket. Obviously, lifesaving medicine (not just pharmaceuticals), paper products, but kilo of salt.
Crypto will not likely “rise” as the USD/etc takes a hit. Its not a hedging asset like gold, its purely a speculative gamble.
It is often pitched as a hedge, but we have a decade of evidence now that shows it drops and rises with the stock market, except with even more volatility.
Less than .00001% of transactions, maybe, mainly because bitcoin has hilarious transactions fees. It can easily cost you $8 to pay for a $1 stick of gum, and that transaction will still not clear for a dozen minutes. Its just non viable in the real world.
Mostly you can change crypto to an actual currency. That’s just whatever.
Yes, business transactions are still negligible, but not impossible. I look for crypto to rise as the USD/GBP destabilize. I say this without holding any sort of crypto and I’m certainly not an economist (but look for commodities and paper products to skyrocket. Obviously, lifesaving medicine (not just pharmaceuticals), paper products, but kilo of salt.
Crypto will not likely “rise” as the USD/etc takes a hit. Its not a hedging asset like gold, its purely a speculative gamble.
It is often pitched as a hedge, but we have a decade of evidence now that shows it drops and rises with the stock market, except with even more volatility.