History has tought us that every currency has its periods of rise and its periods of downfall. No currency will last forever. No currency ever has.
For instance: the British Pound was once the most valued world currency. They thought it'd last forever.... not!
your imaginary coins is protected by nothing.
What coin are you talking about? I don't have, neither did I mention any imaginary coin afaik.
Don't get me wrong here, I'm not against the USD or anything, the USD is quite a strong currency for sure.
All I'm saying is, that betting all on 1 horse is a high risk.
Turkey currently has an inflation of over 70%
Libanon currently has an inflation of over 90%
Now imagine the USD had gotten into trouble: your and my "investment" into MA would be... well... in bad shape.
Be informed that most crisis go fast: the general public rarely expected it, or saw it coming. Remember the Balkan wars: peace, beautiful society, and suddenly everything got destroyed. Some saw it coming, most didn't. Read the books of Selco.
About USD being a safe haven for investments? Perhaps. Time will tell. Or perhaps time already did:
Thinking we're low already, and have bottomed out? Think again: there is no such thing as 'free' money printing. It will always lead to massive inflation and further devaluation of the currency. It may take a while, but the market wil catch up to it.
We're already seeing the effects of the 2 last years' of money printing irl: huge inflation. The FED is trying to hide the problems, and tries to blame it on the war with Russia, which is the easiest thing to do. Obviously the war has an effect on how much we can buy with our 100 USD, but the real cause of the monetary problems started in 2007, ask any economist, and have been speeded up immensely by the QE.
Every day today, 100 EUR, or 100 USD is getting you less goods for your money.
Therefore EUR or USD is not a safe haven for investments.
Yes I like EU, and I like to play, I like MA, and everything positive you can imagine
But when it comes to finances, I try to not walk around blindfolded. No country is perfect, no country will last forever. No power is invincible. No currency will last for an eternity.
Just don't keep all your eggs in one basket. It's a sound thing to diversify. If you like your assets, learn about asset protection.
Here in Europe, we have lost 20% of our savings due to currency devaluation just in the last year. Not keeping into account the (officially 8%, and realistically 17%) inflation, shrinkflation of products and many others.
...
BACK on TOPIC
I would happily invest more into MA, if the investment is more diversified, and not completely dependent on the currency value of just 1 Nation.