A case for a Crypto asset class to stabilize Global Financial Markets

US Investment vehicles such as Stocks, Bonds, High Yield Savings/CDs, etc., are used Internationally and have an large impact on the Global economy evidenced by the Great Recession, 2008 Financial Crisis, etc. When US inflation goes up, rates go up, yields on all of these investment vehicles change, and the global economy slows. The US has an outsized impact on the Global economy, and the Federal Reserve largely decides the cost of capital for the globe (rates) since it is the backbone of the US Financial System.

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In other words, when something happens in the US, global rates and investment yields change. Cash goes from yielding <1% to 5% in a few years. Variable rate loans may become crippling, and stock and bond yields change.

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Meanwhile, regardless of what happens in the world, ETH still yields ~3-4% from Staking and BTC will stay on its fixed inflation halving schedule (1.76% -> 0.88% in April).

A Financial System which for example has the Inflation spine of Bitcoin, and reliable yet low consistent yield of something like ETH Staking could create a predictable spread between inflation and investment yield.

Predictability creates Stability, Stability sets the groundwork for Economic Growth.

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