Post
Topic
Board Economics
Re: btc value and currency inflations
by
deisik
on 02/11/2020, 11:13:04 UTC
It is only natural that the value of Bitcoin is affected by USD performance, because most people who trade Bitcoin pairing with USDT
are backed by USD. So USD indirectly affects the price of Bitcoin, in fact all markets must be affected by the value of USD. But I don't
believe the USD will be worthless, because the American government will definitely take steps so that the USD will remain valuable.
Therefore, many countries use USD as a global currency, this proves that confidence in USD is so high.
Even after printing a shit ton of USD it still didn't fell down a lot, despite fact that only US citizens received stimulus check - that means all of the world got somewhat scammed because their USD holding were devalueted to some extent

Honestly, I don't see a lot of sense in this

Are you unhappy that only American citizens received stimulus checks while the rest of the world, that is the part of it that holds the dollars didn't receive anything? It seems that you are looking at the wrong cause here. Americans received free money because they are Americans and not because they have dollars. Did you really expect that the Fed should have given a free premium on every dollar in existence? Anyway, no one has forced you to buy dollars in the first play. Buy Venezuelan bolivar or Russian ruble instead!