Wrote recently : https://www.elitetrader.com/et/threads/cryptos-one-of-the-tools-to-control-inflation.357280/ Couldn't connect the dots back then because didn't knew that - noone actually knows who is the real founder. (Was thinking that it was some young lad) Eureca. One buys coinies from goverment. Money goes back to the budget/FED/whatever. Gov artifficially lowers the price (yes, lesser evil for greater good ) = currency evaporates.
No. Not for retailers to hedge (while they think that they're doing exactly that & store the ,,value" in it), in reality it's for FED(whomever) to - burn down those printed $$$. From dust to dust. A perfect trap. That's the whole trick. To sell the idea that it is inflation hedge & store of value. Lure in as much $$$ as they can. Make it crash/artificially destroy the price tag. Tokens remain, while $$$'s gone. Then repeat once again. And in the face of global enemies, playing dirty is an option.