Someone I know mentioned that there’s no real urgency to get into crypto. Their thinking is that if fiat currency ever failed or the government decided to fully switch to a digital or crypto-based system, the government would simply convert everyone’s existing fiat into the new currency. In that scenario, they believe holding off wouldn’t matter because no one would be left behind.

Personally, I’m not fully convinced that it would work out that cleanly. Even if a conversion did happen, I doubt people would receive the full equivalent value of what they originally had. Historically, when currencies are replaced or restructured, everyday holders often end up taking a haircut, whether through unfavorable conversion rates, inflation, caps, or policy decisions. It seems more likely that people would get a fraction of the real purchasing power they once had—essentially peanuts compared to what their fiat was worth before. I’m curious how others see this playing out and whether they think waiting truly carries no risk.

What do you think?

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You might also be interested in reading Porter Stansberry Warns of US Financial Collapse by 2029 on Pompliano Podcast.