Post
Topic
Board Economics
Re: What if US Dollar Crashes?
by
Superways
on 20/07/2016, 19:29:46 UTC
when the time comes that USD would crash,it would affect all the economic state of each country since this currency is one of the major pairs in Forex. It would also affect the price of btc since USD dropped it's value.
Yes to us dollar is major currency. But apart from that there are pound, euro, Kuwaiti dinar,etc. So it will affect the world economy but it won't have much affect like decreasing other currencies value by too much plus value of btc will increase.

As the dollar collapse, people will flock to Bitcoin as a modern safe haven asset. Consequently, Bitcoin will see an eruption in purchasing power and global acceptance, quickly decreasing the value of other currencies and be at the top of currencies.


The dollar is quite strong. With the euro and the pound in some trouble the dollar is a safe have for forex traders.
If it comes under attack bitcoin may profit but there is no guarantee. Brexit did not boost bitcoins price for example.


Of course a potential dollar collapse could be disastrous for the global economy and relatively beneficial for altcoins, but I can't see any scenario where dollar crashes in the present century. We all have observed over the years several perfect storms with the power enough to beat the dollar, but it has not occurred, and perhaps it never will occur.

you are right the US dollar looks much stronger, from dozens of years a number of currencies trying to compete dollar but still the dollar has its own royal place in the field of finance.