WebIf hyperinflation happens, it will then be zillions of worthless dollars, but 1 btc will still be able to buy what 1M/5M/10M USD can buy TODAY is what they mean. A loaf of bread may become 1000000 usd when the fiat shit hits the fan, but it will still be (0.0001 btc today = 5 usd today @50k usd/btc) or (0.000001 btc then = 5 usd today @5M usd/btc). WebThe fed is already kicking around the idea of a federal digital currency; but the idea of the USD becoming worthless is a pipe-dream. It is in no danger of losing it’s status as the world reserve currency. There would have to be a more robust economy, with more trusted currency to take over; and China will never be it.
Bitcoin Bubble: the Cryptocurrency Could Become
WebMar 23, 2024 · Someone who purchased Bitcoin at $10,000 and uses some or all of it to fulfill a debt when his Bitcoin holdings have appreciated to $20,000 has recognized a gain, but good luck to the tax... WebJul 18, 2024 · 22. Leave a Comment. Nassim Nicholas Taleb doesn’t mince words. When he thinks that something is worthless, he says so. In a recent paper he says in no uncertain terms that bitcoin is worthless. However, those “uncertain terms” are not only in mathematical language but in Taleb-speak. They need some explanation and interpretation. super cheap launceston opening hours
Bitcoin Bubble: the Cryptocurrency Could Become
WebAug 30, 2024 · John Paulson, the hedge fund billionaire who made a fortune in 2008 when he shorted the housing bubble, said in an interview published Sunday that he believes cryptocurrencies will eventually go bust. WebJul 14, 2024 · Billionaires This Billionaire Says Inflation Will Last ‘For Years’ And Bitcoin May Become ‘Worthless’ John Hyatt Forbes Staff I write about wealth, billionaires and their companies. Follow... Web1 day ago · digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. okx is not regulated by the fca, thus, protections such as the financial ... super cheap laptops reddit