Quote from: Sim_card on Today at 11:45:05 AM

Quote from: peter0425 on Today at 04:25:17 AM

Will bitcoin really beat the US dollar?

Personally, I believe that bitcoin have beaten the US dollar because it's fiat and the opposite of bitcoin. It depreciates overtime while bitcoin increases overtime due to the decentralized nature and government manipulation. I believe that if there is weakness in the US dollar, investors will pull out their funds from the US dollar and put it into bitcoin which will increase the value of bitcoin. During recession people survive and some people will also get rich during recession, so buying bitcoin will still be a norm.

Gone are those days when the US dollar was amiably a dependent variable in measuring interest rates and a reserve of values in the economy and financial sectors all because of geopolitical sentiments and economy manipulations fostering the United States as a key influence driving the global markets.
Now bitcoin has come in existence and possessed advanced potentials above that of USD and has become more of global interests due to it decentralization that's not regulated like the USD.
Moreover USD is seemly not Worth the aimed for monetary reserve anymore aftermath it kept depreciating in values. And now, the system has changed whereas, liquidation and scalability that bitcoin has acquired so far has got it an hedge to store values against inflations.