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by FabHK 1435 days ago
The notion that the volatility of crypto currencies are due to the value of the dollar being manipulated (rather than the "value" of the crypto) is absurd. You can trivially compare the value of a dollar to a basket of currencies (e.g. the U.S. Dollar Index/Dixie), or a basket of goods (like the consumer price index), and it is fairly stable, and definitely not as wild as the gyrations of crypto prices.
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Just as companies like Celsius offered a high interest rate on Bitcoin, and lots of people moved their money into Bitcoin; the government can do the same by changing interest rates which incentivize people to move their money to/from dollars.