Who would've thought the Fed could raise rates all the way to 5% without causing a catastrophic breakdown somewhere in the financial system. After all, they were only able to raise rates to barely over 2% back in 2019 before having to drop them to zero again to prop the stock market back up, and that was before the trillions of dollars of covid bailouts. After more than a decade of experimental monetary policy nothing makes sense anymore. Eventually sanity has to return, crypto will de-couple from traditional markets, and we'll be beating inflation once more. In the meantime, you may want to hold on to some stablecoins to cover your expenses.
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Indeed. It's hard to tell what's really happening these days. Logic is out of the window.
Yes, stablecoins are a safe bet during economic downturns.