Post
Topic
Board Bitcoin Discussion
Re: if bitcoin was main currency, what's gonna be the BTC value?
by
pushups44
on 07/01/2022, 01:12:10 UTC
BTC was created with a new transaction system without a central authority. The BTC can be used in the future as the main currency that we gonna pay with. But what's gonna be the value of a main currency? What's the value of dollars or eur?

-Answer is: The dollar IS the value. The dollar doesn't cost anything. The dollar is the value.

If BTC is gonna be used in future, it not gonna cost anything, because the BTC is gonna be the value. It not gonna be like Bitcoin cost 50,000dollars... Bitcoin not gonna cost anything because Bitcoin IS the value. But that's probably not gonna happen. We not gonna pay with BTC but with stable coins like USDT...

BTC will continue to be traded with the dominant currency pairs, so it will be reflected as BTC/USD, BTC/GBP, BTC/EUR, BTC/JPY, etc. BTC will also be traded, just as it is now, with other cryptocurrencies. As its use increases, it will of course increase relative to fiat currencies.

People should stop thinking that fiat currencies will go away, because they will also always have some utility, especially for governments. Cryptos and fiat can coexist.