If the Tetherbomb explodes, it will cause chaos and do some damage for awhile. But the purpose of crypto is to protect from exactly this sort of thing. If you have your money in a solid coin with your own keys, you will survive it.

The people who lose will be people with money on exchanges, people fooling around with DeFi, and people holding Tether.

In the end crypto will pull itself back together without government aid or bailouts, and EVERYONE who was caught swimming naked against the tide will suffer their fair losses without getting a taxpayer bailout or using the courts to stick someone else with the bill. It may well be the first time in history that's ever happened!

It will be worth going through the event just to see it happen. Crypto will emerge stronger from the experience. In the meantime, don't forget that some very serious inflation is underway. I've read estimates that true consumer price inflation is running at 13 percent. At that level, you will lose nearly half your purchasing power in just 3 years if you keep your money in dollars. If you don't want crypto, consider gold.