It merely seems like plausible theory to me. There has to be a viable percentage of cryptocurrency holdings that are causing fiats transactions to decrease. Market tendencies have often shown that when local and even larger market businesses thrive, inflation decreases. I am a big fan of cryptocurrencies, and everything they resemble. But if you still aren't startled by recent trends, you're a badass.
I have seen so many failed attempts to predict the crypto market lately that it has taken quite some wind out of my sails to say the least. Be assured, i am not pointing fingers, because i would not be reading yalls threads if I knew what the hell I am doing when it comes to the crypto market. I think the most disheartening thing to me is that I haven't seen any crypto news that made me definitely think, "Crypto will thrive forever." I know this isn't the best platform to share these sentiments, but I have moved most of my assets to more stable ventures. Quite luckily, i did that 3 weeks ago. Perhaps this is a good time to put assets back into crypto, but I imagine Ill take a breather from the crypto market.
I imagine my general question is: Are cryptocurrencies also contributing to the "offshoring" or "reshoring" of more localized, governed currencies? And if so, will cryptocurrencies someday become the fall of economic dynasties?