Post
Topic
Board Economics
Re: How safe is Bitcoin in the world's economic turmoil?
by
Danica22
on 21/06/2025, 05:33:46 UTC

This is absolutely true. The increased adoption of Bitcoin in everyday use negatively impacts other currencies, including major global currencies like the euro and dollar. This exacerbates the fiat currency crisis and further encourages people to abandon it. It's an inverse relationship going one way, since the use of fiat currency is fixed and cannot rise, while Bitcoin is still considerable a new project that benefits from the fiat currency crisis.

Satoshi created bitcoin to be a currency but Bitcoin was not used as a daily currency these days, it was only used as an investment/speculation. So it won't have the effect of either causing a currency crisis or making people lose faith in fiat money. People losing faith in fiat money or fiat crisis is due to its original design and it is just a matter of time for it to collapse.

Bitcoin just gives us more options in protecting our assets, it is not the only option because before we had gold, metals or stocks, these are also assets that help us avoid currency devaluation.

But you are right, bitcoin is benefiting from the fiat crisis.