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.
yeah dollar actually the mother of currency , so do bitcoin are the mother of cryptocurrency. now you can imagine what would happened to the other currency if then your mother currency crashed. first of all people might wouldn't choose gold after dollar. as it has few relation only when talking about gold and currency. people would looking for the second strong currency like pounds or euro, bitcoin are still week and not yet established.