Post
Topic
Board Bitcoin Discussion
Re: Why compare BTC to USD?
by
Rhaizan
on 17/04/2018, 14:23:48 UTC
When people talk about Bitcoin price, they usually refer to its price expressed in dollars. I really don't understand why...

US Dollar is going down in price, US economy is collapsing. There are many other countries which has more Bitcoin users, like Russia, China, Japan, Philippines and the whole Eurozone. Even ICOs are forbidden in the USA. It's not a so Bitcoin-friendly country, its national currency is not so strong. So why price Bitcoin in $?

There could be many other more appropriate currencies like EUR, CNY or RUB...

I really don't know why bitcoin always measured by USD but I didn't see any problem about that as long as we can use it every day and we can convert it into our local currency .i guess usd is the most common fiat thats why bitcoin compare to usd.