re: TRUMP has come out against Bitcoin!

quote:

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If the dollar collapses, what is Bitcoin worth?

I am not against this stuff, I just don't understand how it can be a hedge against the dollar, when it is valued in dollars...

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It's also valued in every other currency plus all cryptos. You think of it in terms of dollars because that's easiest for you to relate to. It has no bearing on the value of the asset. This is nothing but math.

There have been many reserve currencies over human history. They don't last long. The dollar is just another one. We could have had it last a lot longer but the last fifty years of flooding the market with more and more dollars pulled out of thin air has diluted their value significantly, and we have just quadrupled our efforts there. It's inevitable now. So the real question is what's the next reserve currency.

It may not be bitcoin. But Bitcoin is the next gold. And that's a good place to be when the paper becomes worthless.