MultiversX Tracker is Live!

If the American economy collapsed, what would happen to Bitcoin?

Bitcoin Reddit

More / Bitcoin Reddit 104 Views

Say, for instance, I buy into Bitcoin. I have that Bitcoin on my own personal wallet (I'm not super versed in this so if I get something wrong I apologize, I'm trying to learn). The American economy collapses (Again, new to economics and am learning, not sure if this is even a viable reality, but as a hypothetical) and the U.S. dollar becomes worth jack shit.

Would my Bitcoin still be worth something? Would I still have buying power for goods etc., at places that accept it?

From what I understand, that's one of the points of the decentralized aspect of it right? It's an international currency in a way therefore a singular economy wouldn't have a devastating impact on its valuation?

submitted by /u/WoozeyOoze
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments