Wow people in here are really foolish. First of all for believing any 40xx or 70xx exists..they do not.
And second of all, for people talking smack about crypto; You know nothing.
Good luck with your useless, air-backed fiat.
Crypto is solving real world problems and creating generational wealth. It is already making absolutely everything that it touches better.
Invest or shut up.
Certainly no one is losing money.
I'm using a defi project as a bank and making 10-20% per week, compounding interest, on coins that are stable.
That's about 100,000% apy with the autocompounding interest.
Have fun with your 2% apr.
The US Dollar is as worthless as the US govt, as is the entire banking sector(who is now getting into crypto by the way, because it solves literally all of their problems).
I don't understand why you would want to prevent people from having opportunities. This is why I say that you know nothing, and are hating senselessly. Crypto is bringing banking to those who have not had the opportunity to ever have a loan. It is allowing the every-man to have part ownership in assets that only billionaires have access to. It destroys traditional finance in all regards. It's used for everything from charity to creating virtual universes with fully functioning digital economies(gaming).
Please continue to hate, to scare others away from crypto. This way, those of us who are purchasing assets now, can make millions for being early adopters, laughing while we take crypto loans out on our crypto assets.
Cashing out is not the endgame. Why the hell would you want to sell your crypto for useless fiat? No, you sell fiat for crypto and leave it.
So thank you for hating crypto for another few years before you can actually comprehend what is happening here.
When you finally realize the power of crypto in 5-10 years, you can buy in and provide liquidity for those of us who are ready to take profits.
Reinvest.
Never convert crypto to fiat