My probably stupid theory
Hello y'all First of all, I am not a native english speaker so this is gonna be very simplified post. I would like to know what you all think about this theory. We can all see the value of US dollar degrading, so i feel like many americans, in order to protect their money, would try to invest in bitcoin, or maybe some other cryptocurrencies. This would, in my opinion, boost the bitcoin value, but also, at the same time, if the US dollar keeps falling, investors wouldn't try to change it for US dollars with gains, because of rising inflation caused by falling of dollar, but instead would try to finally actually use the bitcoin for payments, which would rise the value of BTC even more. Am I dellusional or stupid? Please tell me if so. I won't be offended (even though I know you probably wouldn't care either, hah) Thanks submitted by /u/Kelpie-Pooka [link] [comments]
Hello y'all
First of all, I am not a native english speaker so this is gonna be very simplified post.
I would like to know what you all think about this theory.
We can all see the value of US dollar degrading, so i feel like many americans, in order to protect their money, would try to invest in bitcoin, or maybe some other cryptocurrencies. This would, in my opinion, boost the bitcoin value, but also, at the same time, if the US dollar keeps falling, investors wouldn't try to change it for US dollars with gains, because of rising inflation caused by falling of dollar, but instead would try to finally actually use the bitcoin for payments, which would rise the value of BTC even more.
Am I dellusional or stupid? Please tell me if so. I won't be offended (even though I know you probably wouldn't care either, hah) Thanks
[link] [comments]