[annamargot]

In a world with crypto currencies, would a frugal Dane be wise to put their cash into a cryptocurrency?

I realize crypto is still seen as risky, however if it takes hold and overall market volatility stabilizes, how would easy access to borderless liquid digital assets affect the neg interest rate strategy?

Edit: remove mention of specific cryptocurrency in an attempt to shift focus to broader strategy.

[levthedev]

What is the advantage to buying Tether with Krones instead of just converting them to USD? I think people jump to crypto as a solution when oftentimes the financial markets have already had the same solution for hundreds of years (in this case, foreign exchange).

[lawn]

With Tether you're essentially converting your cash into USD, but with massive risk added on top. Tether is, as stated by themselves, already not backed one-to-one by USD and you cannot actually redeem them, only trade them in exchanges.

What you instead should ask what effect real cryptocurrencies like Bitcoin can have.

I'm personally quite positive to cryptocurrencies, but I don't have a crystal ball. If a single country is about to go under of course it's a good alternative, but of the global economy tanks it's all up in the air.