Post
Topic
Board Economics
Re: If USD falls
by
Marcsymon
on 03/08/2018, 13:04:47 UTC
Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?

For several years of observation of bitcoin and other cryptocurrencies, I can say that I have not noticed a direct dependence on other currencies, including the us dollar. I can say with confidence that bitcoin directly depends on the news that are narrated in the media.

Agree bro. Bitcoin is not dependent on US dollars movement but it is dependent on the news scattered online through social media and also to the country that started adapting bitcoin as their direct option currency in the future. Great falls of US dollars doesn't mean bitcoin great losses.