💵 What Will Happen In Crypto When the Dollar Collapses ? Bitcoin-Dollar Thought Experiment 💵

in bitcoin •  7 years ago 


I would like to have a little poll.


When the Dollar collapses, do you think Bitcoin will crash along with it?

I personally think Bitcoin will drop massively when the dollar collapses.

bitcoin crypto dollar money
7 years ago by

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      ·  7 years ago 

    I think if dollar crashes everyone will resort to BTC so it will rise and supply is so low and demand would be INSANE so price would be insane, talking over $50,000 because put it in perspective of the US population

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    2 votes
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      ·  7 years ago 

    This post received a 4.5% upvote from @randowhale thanks to @joshwaa! For more information, click here!

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        ·  7 years ago 

      Agreed

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          ·  7 years ago 

        I don't know. Maybe BTC would go up against USD because you can transform BTC in EUR or different currencies...

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          [-]
            ·  7 years ago 

          I think when the dollar collapses so will the EUR. BTC is not sufficiently widely distributed for it to become the new currency, at least as of now. So it would have very little real world use. The monopoly of fiat currency created an extremely dangerous problem.

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            [-]
              ·  7 years ago (edited)

            The all point of bitcoin (for me) is not using fiat money. If value of BTC is related to value of fiat money, BTC is already worth nothing.

            However USD could go down against EUR and so BTC could go up against USD.

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              [-]
                ·  7 years ago 

              Right but almost every industry needs the dollar to function, the whole worlds economy would collapse, it would be more than just the dollar losing value.

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                  ·  7 years ago 

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