Every passing day you tried to digest the world financial news, you get to comprehend a little the state of affairs going around. It shows the immediate effect of wars and the implications that will follow. To a long distance near us we see the alarming need for a digital currency to square things off. Not so sure it will happen in the next couple of years but we are into something.
So far we have learned that the US dollar is the strongest of all. There is no currency that can dethrone it in the near future. It is so, most stablecoins do peg to the dollar. It sounds better and many find it appropriate to do business that way.
Even our own #HBD is pegged to the dollar and everyone is fine. It does not matter where you are you will use it with no questions. This is how strong it is.
It is fascinating to see how crypto is paving the way like #EL Salvador to bring awareness on the small country where #BTC is legal tender next to the dollar. It may not bring profit in terms of crypto but everyone is talking about it and tourism is positive all over. Hive is showing a similar attitude. While #BTC is dropping from its high $23k, Hive is liking its 40s. I do see the parallelism closer with HBD holding its peg to the dollar.
It will be formidable to have HBD fulfill its advocacy as a way of transactions since we can maintain it with a high value of Hive. I keep on checking lately, Hive is deflationary and Hive is passing the mark of 31 million. I know we need more Hive on the market. I think it should be the other way around since HBD is more prone to the exchange at a dollar rate. Knowing all these, holding Hive and HBD are recommended for the long run.
You never know the clear direction of the market when the bull shows up. Lately there are a lot of noise up in the air concerning crypto. One thing is sure keep your tokens in good place. Banning, staking or whatever are many more noise for you to drop it.
We the community give value to a token. At the same time we build trust and we hold it dearly.
While blockchain is trustless, you the holders need to abide by the rules.
While crypto is the new kid on the block, I do expect roadblocks. It remains to be seen how crypto will emerge and be a helper to the world system.
While it seems chaotic for some, be ready to adapt to what may happen.
Be ready to make a splash for #LPUD.
I am doing my part.
