43
Comments (93)
sorted by:
You're viewing a single comment thread. View all comments, or full comment thread.
1
Ogcarvattack 1 point ago +1 / -0

If the dollar loses value the dollar value of Bitcoin increases...

2
redpillrising 2 points ago +2 / -0

nope

0
BasedInFact [S] 0 points ago +1 / -1

Uh, what?!? That’s not even remotely true. 🤣

1
sillBag 1 point ago +1 / -0

It's 100% true. But there is a delayed effect.

Yes real world market dumps do affect crypto markets (initially).. because theres something called panic.

But historically, yes, it is exactly the case... because Bitcoin has a fixed maximum supply of 21M coins... and the dollar's supply keeps increasing... the value of Bitcoin vs the Dollar increases.

This is 98% of the reason why Bitcoin has gone from $200 in 2013... to $30,000 today.

1
Ogcarvattack 1 point ago +1 / -0

How is it not true? If the dollar loses value through inflation. Then bitcoin will have more dollar value... It is just one factor among many, and basic economics.