Post
Topic
Board Bitcoin Discussion
Re: THIS CRASH IS DIFFERENT than previous crashes... The FEDERAL RESERVE is why....
by
HardFacts
on 26/06/2022, 16:41:28 UTC
Depends. Where do I live? Venezuela? Zimbabwe? Sudan? Turkey? Bitcoin is definitely preferable to their highly inflationary fiat currencies.

Yes I will concede that point:   If you live in the absolute worst countries in the world, which are economic basket cases, then Bitcoin is more stable and can actually function as a currency  Grin   In a stable economy like the USA, companies are not PRICING products in bitcoin, they are converting to USD at the moment of sale.

But if Bitcoin has to be compared to the absolute most worthless, unstable FIAT currencies in the world to be attractive, then something is really wrong with Bitcoin.  I would not invest in Venezuela Bolivars, Zimbabwe Dollars, or Bitcoin.  They are all great ways to lose all your money.  There are MUCH BETTER, less risky investments than Bitcoin.