Post
Topic
Board Economics
Re: Will the US Dollar dominate bitcoin trading
by
rhed718
on 01/07/2016, 03:45:41 UTC
The US dollar has been dictating most of the trades world wide from crude oil to anything.  Is there a possibility that it will dominate in the trading of Bitcoin?
If I am correct the US dollar is already dominating the Bitcoin trading because most people are selling there Bitcoins against the US dollar.
I think that this is going to be the same for a long time I do not see any reason why people would trade in for a other currency.
yes it's true almost on all bitcoin exchange using dollar as a comparison prices and very rarely to see any bitcoin exchange using other currency as the comparison prices may be because dollar as universal currency and the most use then they were decide using dollar

Im agree with you, more bitcoin exchange in dollar because dollar is universal currency any where you can exchange dollar in fiat in other country, but i think no bitcoin has a great value as decentralize currency and it has a potential to be centralize currency in the future.