Post
Topic
Board Bitcoin Discussion
Re: Stop comparing BTC to FIAT. FIAT is dying every single day.
by
taufik123
on 04/05/2023, 22:35:40 UTC
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The high rate of inflation is largely due to the devaluation of dollars, and as a result, the purchasing power of money is not really strong. Since the issues emerged from the federal reserve because of the constant printing of money, if the excessive dollars that have been printed can be retracted, at least it can help to make the dollar value go up. Because definitely, even if you hold your Bitcoin for a long time, as long as you will one day convert it to buy something, it will still not be worth much because of how low the dollar value would be.
The problem with Fiat is that the inflation rate is high and that will affect the value of the dollar in the future.
And remember that the government has full control of the dollar, they can print more dollars.
And for the excess dollars will they be withdrawn? it depends on their policy as a government.
Fiat will be affected by high inflation and $100k in the future will not be so big, but 1 BTC=1BTC and it will remain unchanged and will not be affected by inflation.

-snip-
 Its getting to be a generation that will never own anything unless inherited, so bitcoin has to be the way out, or we are screwed.
Bitcoin is the right way out so that it still has value in the future and will not be affected when Fiat is dying.
Bitcoin can be a digital asset that is inherited and will provide more value for bitcoin holders.
it will continue to grow in every generation.