😆.... Your immature side could be right. The world live in right now, as it is, anything can happen. Nothing is written on stone.

fredosha

My immature side says the dollar is about to get pegged by Bitcoin…..

carlosfandango

Read this book:
https://saifedean.com/tbs

siggy47

All things have prices because actors in (free) markets may bid and are willing to pay those prices to own the things.

Nothings pegged. Not even gold is inherently valuable. It's just shiny and scarce. If you're in a town full of very stupid gold-racists who value it at 1 dollar per ounce, then that's it's price. Until you reach another market.

Michelson_Morley

deleted by author

sarah1

Then if Bitcoin is not pegged to the Dollar, what then is it pegged on? What is backing it. The US dollar itself used to be backed by gold before it was discontinued. What commodity does Bitcoin rely on to have the value it has today.