Post
Topic
Board Bitcoin Discussion
Re: Why Bit Coin Doesn't Work As A Hedge If Fiat Currencies Collapse
by
Silberman
on 24/02/2021, 06:15:15 UTC
Bit coiners always be like:

"Bruh, fiat money is worthless and gonna collapse. Get bit coin bruh"

Okay, so what will bit coin be worth when fiat is worthless?

Can any coiner honestly answer how your shitcoin has value if the fiat money it's valued on is worthless?

It's hilarious because no bit coiner can ever answer this question.


You are confusing price and value which are two different concepts, before people created money they bartered among themselves and exchanged their assets for others, then the best asset out of all of them won, most of the time precious metals, and then when coinage was developed money was finally created, if fiat currencies collapse the question we should ask is will people still be willing to exchange bitcoin for other assets? And the answer is yes, when a currency collapses the most valuable thing in the world is a form of money that is not collapsing, so gold and silver should become extremely valuable during that event and bitcoin will follow a similar pattern.