I suddenly thought that the poorer and the lower the cognitive ability of people, the harder it is for them to understand the value of Crypto Assets:

1: They do not need to make asset allocations; they do not understand that large funds making asset allocations and investments is an inevitable behavior. They do not understand that large funds make asset allocations merely to preserve value. They may even think that putting hundreds of millions in the bank and earning a few million in interest each year is making money.
2: They do not need to do international currency exchange, there is no demand for global asset allocation, and they do not realize that the system for cross-border transfers requires significant maintenance costs. They think that transferring money is just transferring in Alipay.
3: They do not understand that fiat currency under the modern credit currency system is a type of credit certificate backed by national credit. They take it for granted that fiat currencies like the US dollar, Japanese yen, and Chinese yuan are stable. They do not realize that some countries in Africa and South America are fundamentally incapable of maintaining a stable fiat currency system, and the fluctuations and devaluation of some fiat currencies are even more severe than game equipment.
#BTC #ETH #SOL #PI #PEPE