Post
Topic
Board Economics
Re: Is Bitcoin ready for world wide 1 currency?
by
nomenclatur
on 04/11/2020, 14:37:54 UTC
I ask this because of the corona virus where people are too scared to hold money.

The issue is that we value btc against the usd and other fiat currencies. If fiat currencies were no longer how would bitcoin be valued...inflation etc? Can't get my head around how it would work.
bitcoin is always ready to be the main currency in the world but many countries are not prepared for all the major currency bitcoin to make them a lot of countries are afraid of losing their currency and almost half of the country refused bitcoin because the price can not be stable because that state refused bitcoin.