Post
Topic
Board Economics
Re: Did bitcoin lose its value?
by
Smitty Werben Man Jensen
on 18/10/2020, 15:31:41 UTC
Did bitcoin lose its value?
In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.
No, Bitcoin will not lose its value that easily, even if they print a lot of money it won't affect Bitcoin,
it will affect their own economy, take it easy, Bitcoin is decentralized not centralized.
don't equate Bitcoin with Fiat money, of course this is very different, Bitcoin will be phenomenal in the future