What if Bitcoin actually benefitted from Terra’s disaster? (in the long run)

Terra’s crash has been dubbed “the Lehman Brothers of Crypto”, a fitting analogy considering that we’re talking about a project that went $45 billion from zero in a matter of hours.


Regulators, banks, governments and crypto-hating billionaires will love this. A lot of “I told you so” moments are coming.


On top of that, it is now going to be very hard for people to trust stablecoins again, especially ‘algorithmic’ ones. Which brings me on to the question in the headline, what if Bitcoin actually benefitted from this, in the long run?


Self-proclaimed Bitcoin maximalists have historically always shown little to no interest in other cryptos.


They, or perhaps I should ‘we’ firmly believe Bitcoin is King and Queen and always will be. And they’re used to flactuations and trouble. They’ve seen Bitcoin go to $20,000 before crashing to $3,000 and didn’t care. They’ve seen it go to nearly $70,000 before falling back to $27,000 and still didn’t get their knickers in a twist.


In the short term, this is a 360° catastrophe. There’s no doubt about that. Look around you and you’ll see nothing but ruins. But if you zoom out, Bitcoin is proving to me surprisingly predictable with its unpredictability. It always goes up, it always goes down.


And let’s not forget, Terra’s crash happened because it was a flawed project and a one-man-show. Bitcoin is not like that. The price goes up and down all the time for a million reasons but the network itself has never shown any significant weakness.


I still own around 105 UST, worth around $5 at the time of writing. It sucks, but I know a lot of people lost a lot of money so I’m not gonna complain.


I also know that around 93% of my portfolio is Bitcoin. And I’m beginning to think that it’d make even more sense if I ramped that up to 95% or 96%.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit CoinbaseCrypto.com or Binance

Use this link to get free diamonds use my CoinmarketCap codePost