What happens to the value of bitcoin if the dollar goes to 0? Will bitcoin also loose value because the dollar is worthless? yes, there would probably be other things to mind like world war, full panic, no internett and so on. But set these things aside. How much would a sack of potatoes cost, and with what could I buy these potatous witth(gold/bitcoin/chickens/etc.)?
Any ideas? and any ideas on how bitcoin could be independant of the dollar, or other fiat?
Bitcoin price isn't pegged to just dollar and I don't know what might happen to dollar accepted countries if Bitcoin drops to zero but I think it might increase the demand for Bitcoin which possibly might increase the price of Bitcoin as well..
Remember Bitcoin is a decentralized digital currency and as such has several other importance like serving as means of payment, investment and also as an asset for the future.
Just as others have stated that one of the major reason why most currencies loss it's value is the excessive printing of those currencies making it's supply much more than the demand and you should also know that Bitcoin has a limited supply and it's volatile which means it can easily fall or rise.