I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?
Bitcoin is the dollar of Cryptocurrency. Even though bitcoin is denominated in dollars, they are not tied together. So a crash in dollar would not necessarily lead to crash in bitcoin
I agree with you, but if the dollar crashes then there are many countries that will suffer huge losses because many countries are saving the dollar as reserve currency. I think when dollar crashes many countries will choose gold to saving.
Well, dollar can not be crashed and if this ever happens in the future, people will know about it before it occors and they will know where to move their property. Everything always change and soon, dollar will be replaced by another currency which we have not known yet. Bitcoin can be a big competitor, but there is still a long way ahead for Bitcoin to become a new world currency