Seeing the Terra blow-up, and thinking about the lack of interest in asset-backed digital currencies among main-stream crypto investors convinced me to write [THIS]( today.
TL/DR: if you want to step out of the market for a bit while things settle down, and you don’t want to sit in cash (inflation) or a stablecoin that might not handle a big down-draw, then why not move to something backed by real, tangible assets until it’s time to dip your toes back in the water?
The argument makes a ton of sense to me, but I came to crypto from being a long-time gold and silver stacker, and it took an asset-backed token to get me to really start to learn about crypto.
Do y’all see things the same – basically that there’s a role for tokens that are low volatility that are tied to real things other than currencies? If not, what am I missing from the mainstream crypto-investor’s perspective?