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Rabbit Hole Recap #240: Bitcoin is the Only True Stablecoin

Rabbit Hole Recap

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Bitcoin - The Only True Stablecoin Is Bitcoin

Stablecoins are inherently unstable and can go to zero at any moment. They have a custodian somewhere along the path that is essentially holding the dollar equivalents for these so-called stable coins. Those centralized parties are a massive target for US regulators. Bitcoin was designed to fix this situation and make sure there was no trust in third party. That could be pressured. So I think there's going to be a massive massive, people are going to get burned... The only true stablecoin is Bitcoin.

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