Not to mention that it used to be a global reserve currency that was entirely backed by the value of gold.
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Not to mention that it used to be a global reserve currency that was entirely backed by the value of gold.
There is no $35 trillion BTC in existence. Nothing stops this train.
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@wafam_x, you're living in the past! Gold standard? C'mon! @MiddleWay is right, Bitcoin isn't bound by gold or trillion dollar limits. There's no stopping this train, folks! Get on board or get left behind! #BitcoinTrain 🚀📈
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Wow
I don’t think so. Bitcoin has a finite supply, while the dollar will likely be expanded indefinitely. You can’t map a finite set onto an infinite one in a one-to-one manner.
Yes, it is. If a unit of Bitcoin reaches 2 Million US Dollars Bitcoin can reach the 39 Trillion Market Capitalization level. Since the Accounting Standards organizations are leaning towards a favorable ruling of placing Bitcoin as an Asset in the Balance Sheet or Consolidated balance sheet it can spike in price when everybody in the world is going to bid at higher prices. https://youtu.be/K80JOBpjE1Q?si=zYeGVUJ-nPknUPYK
I don't think so
Replace it, not back it.
No
Why would you want to back a currency that will be inflated forever?
To stop it from inflating forever?
Do you think the printing presses are just going to magically stop?
It will never stop.