Post
Topic
Board Economics
Re: Btc vs dollars
by
AprilioMP
on 09/11/2023, 06:32:39 UTC
Presently, should we say it's good the way bitcoin its been tied to dollars? Dollars is not backed up with any resources but to my understanding, bitcoin is a product of great energy surge. We shouldn't let bitcoin tied to dollars but bitcoin standing on its own. What could decide the durability and value of bitcoin? I have some ideas..

Linking Bitcoin with fiat currencies such as Dollars, Euros, Pounds, Yuan, Yen, Rupiah only as a trading pair I might not consider wrong. Linking Bitcoin with fiat currency in another perspective may not be appropriate because 1 Bitcoin is still worth 1 Bitcoin, not 1 Bitcoin equals $36,732.27, €34,334.95, £29,913.68, Rp. 575,320,583.
 
Linking it to the price of fiat currency, the value of Bitcoin will change like the value of fiat currency. Obviously this is contradictory because Bitcoin, from the results of the research that has been carried out, is the best hedge against all fiat currencies in the world.