For our country, we really can’t relate since exchange rate and the dollar value here is higher than before. I think it’s the economy and the tourism of a country which affects the value. Well, it is a good thing for overseas workers but not so much good for the country’s economy. It makes a country feel down or kind of demoted if you base at its currency value.
We are all welcome to the world of fiat sucking entirely. Everything has been sucked, manipulation has been the norm of the day, but it is just what it is. That does not change the fact that fiat will still remain as long as government keep printing more even though it is not backed by any value.
We are getting to the stage of economic crisis and downturns and stuffs like these are always bound to arise nonetheless. Let's see if it would have any positive impact in the crypto space, since a lot will be looking for a safe haven when it starts crumbling.
