I have a question to you jjjfff. Don't get me wrong I wholeheartedly agree with you about the debt and the consequence on the US dollar, however my question is: how do you imagine that Bitcoin will not collapse if the US dollar does?
Unfortunately I still think Bitcoin is much more fragile than a fiat currency such as USD. This would be insanely good news for some of us here if Bitcoin remained strong in such scenario, but I cannot see happening.
Curious to hear your thoughts.
I've mentioned this before on other threads : the only thing missing for BTC to become a worldwide currency is widespread adoption.
As soon as everyday things can be paid by BTC, Bitcoin will explode. I don't mean a specialized coffee shop or a trendy airport shop that accepts Bitcoin as a novelty, I mean everyday stuff like food, utilities, taxi and so on.
The transition from the fake ponzi economy we're living in to a transparent system like Bitcoin will be gradual. The dollar won't disappear just like that.
More and more people will see the light. The ponzi scheme we're all living in. 7 billion people living under the control of 15 banking families who get to print money while the rest of the world works 15 hour days. This will collapse and then people will place their savings into gold and Bitcoin IMO.
And then during the collapse people will start to ask each other hey can I pay you that debt in Bitcoin? Can I pay this month's rent in Bitcoin? Can I pay for this food in Bitcoin?
That's when the definitive change will begin IMO.