8 years for that to happen I see it very close, but nothing is certain.
How do you think the crypto world would be affected if the dollar collapsed?
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8 years for that to happen I see it very close, but nothing is certain.
How do you think the crypto world would be affected if the dollar collapsed?
Why would the dollar collapse?
there is $150 trillion denominated in USD which means it will have to be repaid.
the US is the largest economy and they pay in USD so if you want to export to the US, you need to take USD.
there are 4 generations of people who understand the USD as a unit of account
US Treasuries, which are future USD, is the only pristine collateral out there.
So the idea of the USD collapsing isnt likely.
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It's unlikely, but not unlikely, and with the current war problems affecting the economy, I think anything can happen.
In a supposed scenario that the dollar collapses, what would happen to cryptocurrencies?
They might go up in value.
Or we could have a breakdown of society where, as they say, food and bullets, will be the main currency.
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I would say gold, but surely it would be chaos.
Yes for now you're right the US Dollar is trusted by the world, but things do change as we've seen in the passed.
The Spanish had the world reserve currency, until the Dutch empire rose, then it was replaced by the English, the American empire eventually became stronger (as we know it right now), eventually there will be a different world reserve currency to take the place of the dollar.
It's only a matter of time, historical patterns don't lie. And these days it does seem like the American empire isn't very far from starting to be visibly declining.
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