re: USD crash?

I will say in all fairness this has happened with gold for centuries and will happen all over the world with corrupt government's confiscating mines and mining rights.

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Countries/governments will assert their own type of crypto with tracing before they adopt BTC fully

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This is what makes Bitcoin attractive. Decentralization.

The fact that governments aren’t involved is why it’s skyrocketed. Otherwise it’s no different than the dollar now.

The dollar needs the internet too. Our economy shuts down completely without the internet. Good luck withdrawing cash from your bank without the internet.

The CCP is heavily involved

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Okay, so as the USA goes... so goes to the world. We are screwed.

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Thinking through the what if of no more imports, starting tomorrow, is... an interesting thought experiment.

Congress will always give themselves a pay raise to make up any coming inflation so it really doesn't matter. They will continue to run their printing presses.

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The fact that governments aren’t involved is why it’s skyrocketed. Otherwise it’s no different than the dollar now.

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If I'm not mistaken, India is very "involved" in Bitcoin. Just heard this yesterday; lazy/busy/no Link, but it's there.

There is no way any responsible government can allow monetary entities like BC to operated un-regulated, and therein a mechanism for selfish and corrupt means.

And given the increasing likelihood of societal, national and international warfare...there is no way that the Internet remains viable, given it's power to manipulate (destroy/enslave/defeat) adversaries. Taking out the Internet would be like cutting off the water supply.

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The only thing keeping it up is that other currencies are worse.

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This is it in a nutshell, isn't it. Faith in our dollar is relative to the stability of all other currencies. Once we demonstrate an inability to control our valuation, faith will begin to erode and then use of other currencies will increase, weakening the dollar and therefor the USA.

If you want to know how to survive any extreme crash or cataclysmic evet pattern yourself on the (old?) US economy:

1) Food - the world's breadbasket
2) Defense - MIC
3) industry - the ability to build.

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If I'm not mistaken, India is very "involved" in Bitcoin. Just heard this yesterday; lazy/busy/no Link, but it's there.

There is no way any responsible government can allow monetary entities like BC to operated un-regulated, and therein a mechanism for selfish and corrupt means.

And given the increasing likelihood of societal, national and international warfare...there is no way that the Internet remains viable, given it's power to manipulate (destroy/enslave/defeat) adversaries. Taking out the Internet would be like cutting off the water supply.

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There are going to be more attempts to regulate and ban it altogether. There is no doubt about this. However that could be taken in two ways. That governments can’t get their hands on the ledger means that they will never be able to control it directly and manipulate it, only via laws and outright banning. That could be seen as valuable. Governments have sequestered gold in the past including the U. S. It would take every government in the world not only banning it but tracking every transaction across countries and going after the two parties. If the world ever got to that point you’re talking about beyond novel-worthy distopia worldwide. I think this is very possible, but at least Bitcoin is an attempt to liberate economies from this centralized hell on earth. It’s a bit like the government coming and taking your firearms without a fight. After that, what’s the point anymore? You’re a slave. I would think the libertarian slant of this board would understand this at least.

There are a lot of smart people invested in Bitcoin and Ethereum. Blockchain will dictate our economy in the future have no doubt about that. How it shakes it remains to be seen, but people are flocking to these for the very reason that they are nearly impossible to manipulate centrally. A government digital currency can inherently NOT be like Bitcoin. And again, as someone else said, cutting the internet is cutting their own hands off. The entire global economy is digital.

So, I would at least suggest holding some - not all - of your investments in it. It will see 100K soon likely as inflation is upon us. That doesn’t happen without some kind of technical support behind it. As this thread shows, the learning curve on the technology means it’s still very early in the value curve, so it’s only a matter of time before more institutions become involved followed by the average soccer mom.