Post
Topic
Board Economics
Re: Is Bitcoin ready for world wide 1 currency?
by
salty
on 14/02/2021, 16:24:39 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.
It would be quite logical to assume that with the disappearance of fiat currencies, bitcoin and other cryptocurrencies would have a huge demand. But it would also lead to huge unrest on a global scale. Still, do not forget about those people who know absolutely nothing about cryptocurrencies. They would have suffered the most.