If we take every dollar in existence and make the existing quantity of BTC equal that amount of value, what will a coin cost in the (now-defunct) dollar?
Just wondering what will happen if a large economy switch to Bitcoin
If the US dollar were still pegged to the country's gold and foreign exchange reserves, then this would make some difference. So, what's the difference for the bitcoin price how many paper dollars have been printed before this time? And the transition of the US government from its dollars to bitcoins cannot be implemented in principle. The US government will never make such a decision, otherwise it would be a disaster not only for the United States, but for the entire world financial system, which is based on a planned economy.