[tootie]

Crypto is tied to far more esoteric whims. Honestly the Fed has done an absolutely heroic job in the last 20 years and proven the USD to be almost indestructible. Crypto was founded for privacy, not for it's economic foundations which are still nonsense.

[ViVr]

The dominant position of the USD on the world stage also might have something to do with the USA having deployed military to more than 150 countries at once and their involvement in regime changes all over the world.

Meanwhile the FED heroically partakes in piling on debt for the futures generations.

[imtringued]

When your currency is the world reserve currency you are obligated to take on debt.

[tootie]

It's due to our centuries of issuing and paying off debt. No one is buying Treasuries because of our foreign policy.

[lottin]

It's not so much that it's tied to esoteric whims but that it would destroy the economy if at some point were to become the primary currency, just like the gold standard did.

[seibelj]

Printing tons of money is not “heroic”. There is nothing difficult about handing out trillions of dollars.

[tootie]

Handing out trillions of dollars at the right time to prevent a disaster is pretty heroic. Crypto is handed out to whoever has the most GPU power.