Post
Topic
Board Economics
Re: Btc vs dollars
by
Bushdark
on 11/11/2023, 18:19:24 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..
I think you need to understand what you have written so that you yourself will know that it's  not possible. It is only stable coins that can be tired to the us dollar. If you have been in the market for a long time before now, you will understand that there are coins they called "Stable coins" they are pegged to the us dollar. They don't appreciate or depreciate just like Bitcoin. That are the coins that can be stable like Bitcoin. If become ever become stable that it will lose it potential and people will no longer use it for investment purposes again which could collapse the entire crypto market.