Post
Topic
Board Speculation
Re: If the US dollar crashed, would it affect bitcoin in any way?
by
gentlemand
on 17/08/2016, 17:56:01 UTC
The value of the bitcoin will rise compared to the fiat. If the fiat crashes, the bitcoin price will rise even faster.

I don't believe that myself. There would be a small hard core of believers who'd carry on buying. Everyone else would examine their beliefs, panic like fuck and pour into gold or just sit there and be eaten by devaluation.

Bitcoin's a generation or two away from being a genuine safe haven, if that ever happens at all. For most people this is an extreme bet and it would be the first thing they'd abandon if the shit truly hit the fan.