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RE: 💵 What Will Happen In Crypto When the Dollar Collapses ? Bitcoin-Dollar Thought Experiment 💵
I don't know. Maybe BTC would go up against USD because you can transform BTC in EUR or different currencies...
I think when the dollar collapses so will the EUR. BTC is not sufficiently widely distributed for it to become the new currency, at least as of now. So it would have very little real world use. The monopoly of fiat currency created an extremely dangerous problem.
The all point of bitcoin (for me) is not using fiat money. If value of BTC is related to value of fiat money, BTC is already worth nothing.
However USD could go down against EUR and so BTC could go up against USD.
Right but almost every industry needs the dollar to function, the whole worlds economy would collapse, it would be more than just the dollar losing value.