Post
Topic
Board Bitcoin Discussion
Re: Why people are comfortable investing in government controlled investments
by
kezinaur14
on 29/03/2020, 17:21:24 UTC

Devaluing the dollar is supporting Bitcoin, in a way. Since the 2008 bailouts, our dollars have lost around 20% of their value vs. CPI goods. That alone is an advertisement for a currency with predictable inflation and capped money supply -- let alone after another 2008-like bailout.

Now, I've always wondered, does this 20% affect in price bitcoin for example? as in, it'd be worth 20% less compared to dollars if the USD never devaluated?