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RE: This month’s huge sell off correlates with the value of US Dollar appreciating

in Project HOPE5 years ago

@crypto.piotr, you forget...that CHina is developing the digital currency, they already have tie ups commercialy through technology through ALi Baba associations, so digital yuan can become world currency.

Read this for more perspective -
https://magazine.cointelegraph.com/2020/03/16/china-digital-yuan-economic-cyberweapon-us-disarming/?_ga=2.200928042.522126518.1584451545-1313679894.1583415690

Fiat will die out soon, I am sure about that. My point in the article is not fiat currency but people buying US dollars and hoarding it taking it as safe haven asset. I can bet that fiat particularly the US dollar will fall due to negative interest rates, and that will have repercussions in global economy, people will hedge in GOLd, silver and maybe bitcoin.

It sounds great but it will be a big pain for all of us, allthough Bitcoin would rise if its takenn as safe haven.

I am sure its the END OF THE FIAT currency that's Govt. issued. Wait and see!!!