Post
Topic
Board Economics
Re: USD vs BTC
by
naidray
on 24/05/2017, 20:13:19 UTC
is bitcoin more popular than US Dollar ?

Even a year after the post, bitcoin did not become more popular than the US dollar, because there are still many people who have not even heard of it.

Yes, there are chances that it will become popular when more people are using it and already year after year many people start buying bitcoin. It only indicates that the price of bitcoin is kept increasing because new people entering into bitcoin community.
Yes I agree the acceptance of the USD is more popular than the bitcoin and people still love the physical existence of the currency in form of a metal coin or a paper note instead of the digital currency which they cannot carry like a USD in the pockets. Therefore the USD is preferred.

But when considering multiplying my wealth, I guess only will will be capable of helping in quick time whereas USD wealth will shrink due to inflation.