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> If the currency is collapsing, who’s going to trade Bitcoin for the collapsing currency? Well, you'd probably find someone wanting to trade Bitcoin for goods
by fennecfoxen 6y ago
> If the currency is collapsing, who’s going to trade Bitcoin for the collapsing currency?
Well, you'd probably find someone wanting to trade Bitcoin for goods, and as part of the transaction, someone else would end up using local currencies to buy those goods.
... Of course, in the general case, you're probably more likely to find someone who wants to trade USD for those goods.
- PragmaticPulp 6y ago> Well, you'd probably find someone wanting to trade Bitcoin for goods If your net worth is tied up in goods, assets, and other non-cash investments, you don't need Bitcoin to avoid currency inflation.