I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.
And currency becomes money when they don't lose value between people regardless of time, like gold.
Do you believe btc could be in this position? BTC could become gold?
I personally do not believe that BTC can replace the paper money. There are too many reasons to think so. Indeed, without future adjustments, the conflict over decentralized supply would seriously affect the value of bitcoin as the popularity increases. "balance / maintain value" is the characteristic that paper money can do well on its mission from the banking and government operations.
- If compare bitcoin like gold. I think similar and true. By the increasing value and demand of the community around the world with bitcoin, it is almost becoming a necessity and as important as Gold.