This statement is ignorant of a new class of cryptocurrencies called "Stablecoins". Stablecoins are always the same price - they never go up or down. For example, the price of DAI, a stablecoin, is always "soft-pegged" to $1 USD.

Stablecoins such as DAI are very beneficial and could one day bank the unbanked. Brining the ability for even the most vulnerable in society to save, earn, trade and participate in the global economy of the Internet.

--

--

--

Ethereum enthusiast

Love podcasts or audiobooks? Learn on the go with our new app.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
tycoon

tycoon

Ethereum enthusiast

More from Medium

SNXweave Weekly Recap

$JUNGLE STAKING

Unlocking the Power of Cultural Assets

U.S. Bank JPMorgan Suggests Clients Buy Distressed Russian Bonds