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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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So I've been wondering, if the USD collapses is BTC directly affected since it's traded on the US stock exchange? It seems that if the dollar fails, then the economy will fail, which in turn will ruin wall street, and if stock prices plummet then value of BTC will fall making it worthless. Is there any truth to this thought or am I just pissing in the wind?
BTC USD (Bitcoin / US Dollar) This is the most popular Bitcoin pair in the world. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. The Crypto Daily – Movers and Shakers – September 27th, 2020. It’s a mixed start to the day for the majors. A Bitcoin move back through to $10,800 levels would support the broader market. Despite his concerns about the future of the dollar, Dalio is not bullish on Bitcoin. In an interview at the World Economic Forum in Davos, Switzerland, he warned against BTC, saying it doesn’t serve the two main purposes of money. Bitcoin Price (BTC USD): Get all information on the Bitcoin to US-Dollar Exchange Rate including Charts, News and Realtime Price. Bitcoin - US Dollar Chart (BTC/USD) Conversion rate for Bitcoin to USD for today is $10,629.73. It has a current circulating supply of 18.5 Million coins and a total volume exchanged of $17,005,714,417
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