Post
Topic
Board Economics
Re: btc value and currency inflations
by
Johnyz
on 22/10/2020, 06:47:21 UTC
lets say usa dollar and all currencies will be highly devalued .....then how we know the btc value??

most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?

This is far from reality and there's no such dump over night, I don't read it on the price history of the whole market. There are times that we are suffering from the big inflation and as far as I remember, bitcoin created right after the financial crisis in 2018, and its purpose is to become the best option if crisis happen again. Now, most of the country enters into a recession yet bitcoin is still not that high, so the value really depends on the demand in the market and the value of bitcoin is unpredictable.