How would the collapse of the dollar affect the value of digital currencies?

Bolat MJul 05, 2023 · 2 years ago3 answers

If the dollar were to collapse, what impact would it have on the value of digital currencies like Bitcoin and Ethereum?

3 answers

Areif MunandarNov 05, 2020 · 5 years ago
In the event of a collapse of the dollar, the value of digital currencies like Bitcoin and Ethereum could potentially skyrocket. As investors lose faith in traditional fiat currencies, they may turn to digital currencies as a store of value and hedge against inflation. This increased demand could drive up the prices of digital currencies, leading to significant gains for holders of these assets.
Fengyi KiangMay 25, 2023 · 2 years ago
Well, if the dollar goes down the drain, digital currencies like Bitcoin and Ethereum might just become the new kings of the financial world. With the loss of confidence in traditional currencies, people would flock to cryptocurrencies as a safe haven for their money. This surge in demand would likely cause the value of Bitcoin and Ethereum to soar, making early adopters and hodlers very happy indeed.
Matt KirkMar 31, 2024 · a year ago
If the dollar were to collapse, it would undoubtedly have a profound impact on the value of digital currencies. As a decentralized and non-governmental form of money, digital currencies like Bitcoin and Ethereum could become even more attractive to investors seeking stability and security. This could lead to a surge in demand and a subsequent increase in their value. However, it's important to note that the collapse of the dollar would likely have far-reaching consequences beyond just the value of digital currencies.