It's hard not to insult someone throwing unfounded conspiracy theories.

My point is FDIC accounts reduce your spending power I'm real terms.

First of all, that's on PURPOSE. And we're talking about spending power IN A RECESSION where CASH is what you want. I'm saying I don't think people will take the very limited cash they have in a crunch and put it in crypto. They'll most likely pull it out of crypto into cash.

And, like I said, it's ON PURPOSE. I have $1.6M in stocks and bonds, $25k in crypto, make $320k/yr, spend $5k/mo. How much cash should I hold onto? Where should I put it? Is my "spending power" really reduced because I have 6 moths expenses (ie: $30k) in my checking account? Am I really suffering? Are you sure it would be wise to jam it into crypto for risk mitigation and have $0 in cash? Or maybe that's very, very stupid and anyone suggesting that is a very stupid person?

And do you really think during a massive recession where nobody has cash, when the stock market is half off because nobody has any money to invest in it, they're going to take what little cash they have and jam it into cryptocurrencies? And therefore, the crypto market will survive a recession better than cash. That's your position? GOOD LUCK WITH THAT.