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110 sats \ 2 replies \ @Undisciplined 22 Mar \ on: Bitcoin Is On Its Way To De-dollarize The World bitcoin_beginners
I expect a lot of turmoil in the de-fiatization process.
Near term, we might see weaker currencies fail and those countries peg to, or outright adopt, the US Dollar. That will cause the dollar to strengthen occasionally.
At the same time, de-dollarization will continue in unaligned parts of the world and they may attempt various commodity backings. That will cause gold and other monetary commodities to strengthen occasionally.
However, Bitcoin will be strengthening the whole time.
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21 sats \ 0 replies \ @kytt 22 Mar
This is the exact scenario I expect to happen
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21 sats \ 0 replies \ @Coinsreporter OP 22 Mar
Yes, the whole point is that the progress of Bitcoin doesn't get affected by any of fiat narratives. Bitcoin is above alm of it. It will be better if the world recognises this trait of Bitcoin asap.
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