Post
Topic
Board Economics
Re: Btc vs dollars
by
Porfirii
on 19/11/2023, 11:42:28 UTC
I have some ideas
Yeah, care to enlighten us?..

Taking into account that he/she hasn't answered since he/she created the OP, I think that we will be left with the doubt.

It's why 1 BTC = 1 BTC, not 1 BTC = $34,000 or anything else.

If you view BTC in USD equivalent, you will not able to get rid from USD, while fiat will become worthless and banks will bankrupt. While Bitcoin is resistance against that since Bitcoin has own it's feature and you're don't rely with third party platform.

Not necessarily. 1 BTC is 1 BTC; $34,000; €33,000; one Toyota C-HR... all of these at the same time. We value things in comparison to others since we started trading eggs for apples thousands of years ago. It's common in our circle the saying 1BTC is 1BTC, and while it is true, we shouldn't believe at face value all the other implications we tend to associate with it, like the one that states that it cannot be valued compared to other currencies.