Post
Topic
Board Speculation
Re: Just moved half of my funds off Bitstamp back into nice safe and warm Bank Konto
by
stylin
on 18/03/2014, 12:02:46 UTC
If the banking system collapses, then btc price will collapse too. Btc demand is fueled mostly by wires of fiat from bank accounts from speculators.


Doubt it. If fiat currency collapses or hyperinflates, people may start wanting to use BTC to actually buy things, that is start using it as a currency. BTC price in USD will not collapse, it will just become irrelevant as hyperinflation makes it a stupidly high number and people don't bother trading in their $100,000 for .001BTC Tongue BTC will become "priced" more in food, commodities