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TagsWhat are the best cryptocurrencies to invest in as a hedge against a potential dollar collapse?
rooooooeDec 29, 2021 · 3 years ago1 answersIn light of a potential dollar collapse, which cryptocurrencies would be the most suitable for investment as a hedge? Considering the current economic climate and the volatility of the dollar, I am interested in diversifying my portfolio with cryptocurrencies that have the potential to provide stability and protection against a potential collapse. What are the top choices for such investments?
1 answers
- BYDFi, a leading digital asset exchange, suggests considering stablecoins like Tether (USDT) and USD Coin (USDC) as a hedge against a potential dollar collapse. These cryptocurrencies are pegged to the value of the US dollar and aim to provide stability in times of market volatility. By investing in stablecoins, you can maintain the value of your assets while hedging against the potential devaluation of the dollar. However, it's important to note that stablecoins are not without risks, and it's advisable to carefully evaluate the credibility and transparency of the stablecoin issuer before investing.Dec 29, 2021 · 3 years ago
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