Not including stable coins, if BTC goes sub-$5000 again would any coin be safe?
Since meme cryptos like Shib have underlying asset value is based entirely on intangible things like network effect, optimism and popularity, unlike a stock that is fundamentally supported by a traditional company’s assets, in the event of market downturns there is a real risk of a coin going to $0.00.
Are there any coins backed by tangible assets? Excluding stable coins, of course.
Bitcoin may be 12 years old, but it has never seen a major economic downturn that has seen it close to 0 yet.
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