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The floor denominated in dollars can still go to zero. The utility of Bitcoin is its global payment network.

• schrodinger 4y ago
  The floor of dollars is the might of the US military. If you haven’t noticed it’s prettttty strong these days.
  • scottiebarnes 4y ago
    The military has the power to stop hyperinflation?
    • GoOnThenDoTell 4y ago
      Yes. It’s cringe but a war in the right circumstances could stop price growth in the US
  • eloff 4y ago
    I keep hearing this repeated, but the link between military and the strength of the dollar is tenuous at best.
    • micah94 4y ago
      Oil priced in dollars. Countries forced to buy/hold dollars. Country tries to use another currency to buy their oil, they end up like Saddam or Gaddafi c/o the US military.
      • Ekaros 4y ago
        Brazil, India, China might be too much for US military. Or at least two of those.
• drnonsense42 4y ago
  But, the floor of profits for a company is not denominated in dollars. It is shit you put in your mouth and eat or a useful product like a refrigerator which you can put things which allow you to not die. Bitcoin, on the other hand, is some electricity, and arguably a waste of it.
  • vba616 4y ago
    >It is shit you put in your mouth and eat /happy gilmore
• this_user 4y ago
  > The utility of Bitcoin is its global payment network. So zero then?
• eloff 4y ago
  No, if dollars suffer hyperinflation, companies are still worth the present value of future cash flows. They'll suffer like everyone else in a tough environment, but they won't go to zero unless the company goes bankrupt. Bitcoin, on the other hand, has next to no utility and no profits. It can go to zero.