Hello good people.
I'm reading about all this cryptocurrency for a little while now (hard not to its all over and everywhere) and I got some questions that I could not find a satisfying answer.
1. There is no question about Fiat money (whatever it is $, £ or euro.) thats its losing it's value, so the question is. If it got no value what value Bitcoin have then ? ( i will use bitcoin for must common crypto but thinking of any). Can't get my head over it.
2.If you imagine in let's say 20 years FIAT goes to CRYPTO all the way. You want to buy a car worth $5000 but paying in Crypto, how much would you pay ? if $ got no value.
Maybe answer is simple for some of you. Please be good samaritan and share some knowlage here.
Thanks for any effort.
What ever happen in future the price of Bitcoin will never be an issue because that time we will rely about the value of item we need to buy = BTC so meaning there is no need to look about Dollar or any kind of denominations and this is the main target why Satoshi Nakamoto created this cryptocurrency.
Financial freedom the not depending in government instead will depend in supply and demand,and i want this to happen maybe not for me but for my family's future.