Post
Topic
Board Bitcoin Discussion
Re: if bitcoin was main currency, what's gonna be the BTC value?
by
jhonjhon
on 18/01/2022, 14:34:50 UTC

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


I don't agree with your answer here. This might have been true if Bitcoins were around in the 70s or 80s but not today. The world is reducing its dependency on the US Dollar every year. To say that the Dollar is now the value of a independent Internet currency is not right. While dollar plays a role in the price of Bitcoins I think that we are more independent now with crypto currencies. If it was really just the US Dollar value than why wouldn't we keep holding fiat money? With cryptos we are independent of financial influence of the government and their pressure to issue new debt and print money.
Very well said. Bitcoin will never be a main currency because it is volatile and the value is still being evaluated. And primary reason why people buy bitcoin is that they will be able to sell it later for a higher fiat value.