Bitcoin Forum

I think after economy  boom and the end of huge debt wich will be never repayed there will be Economy slow down and fiat currency Will have huge value!!
During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted... Simply everybody is looking for money but simply there Will be significant smaller ammount of the money.

So in my opinion Bitcoin Can Go up like 100k to 500k.  Even 1 milj.... But at the end it will crash. 
And after crash the fiat currency Will have biggest purache power.  Crypto Will be zero. 


The point is that  debt and quantive easing will Give at the End More value to fiat currency!

So those who talking about fiat currency devaluatiion or so You are all wrong.

I'm not an Economics expert but I don't really like for BTC to be discussed specially when it comes to its price hitting up 100k - 1M usd price.

We can presume all we want but the reality would always slapped you down to the core.Just let things happen as it should be yet we cant
change it off in the first place.

100k, 500k? I don't believe he goes that far. But let's just say that impotetically he gets this value, don't you think that when he achieves that feat there would be millions and billions of people using btc around the world? In my opinion if it reaches these values ​​or anything close to it, it would hardly fall again.

I myself don't have a clue in what direction any of the economies around the world will take, as far as financial and regulatory concerns go, but I do know this, Bitcoin and other cryptocurrencies that are blockchain related may never replace fiat, but they do act as stores of value and many compare it to gold.
  To see the price reach around $20,000 again seems unrealistic any time soon, but one day it may even surpass it's all time high. I just hope that when it does, it isnt from pumped up inflation again.

No one could predict it correctly but there are possibilities that you're assumptions could make sense but surely not guaranteed at all. Let's say that you're upbringings about bicoin's price will really take place and will reach 100k usd to 1 million, once people knew about it, they will surely do a  massive patronage of bitcoin because of its price then drive bitcoin's price even more higher, if that's the case, I don't think it will still fall for there are lots of users  and they will be the one feeding the movement.

it is true that debt can make economic conditions unfavorable as happens in a country that has a lot of debt and at this time the country is no longer valuable, its financial condition is not good, if you are concerned about bitcoin which has a limited total supply and demand is also very I don't think it can influence the world economic conditions.

We cannot say it would even hit those prices. However, you're right, great debts made to invest would fireback and crash of prices would happen, economic crisis is yet to start again. However, the same is true with fiat. With more debt to purchase, and higher prices, leads to crisis. But I don't think that would happen even if the next halving occurs. We just need to wait and handle the situation to make the most out of it.

This is just your wild imagination playing on you. Bitcoin can go up to 100,000 USD to 500,000 USD in the future. That is a possibility, but a very far one. If that happens, that will already be around the year 2150. By that time, people will not even use USD anymore to measure Bitcoin's price. USD is already a thing of the past only found in the museum. So if Bitcoin will crash by that time, there is no fiat to go back to. In that era, you are like going back to the primitive age if you go back to fiat.

In reality, economy debt can bring unnecessary conditions that can lead to a country's economical problem. It will lead to a financial regression, but bitcoin can help us to help our economy to grow more but it just limited and finite, but that doesn't matter when it comes to global economic state or condition.

He sounds like he came from future. We can go mess around saying that this and that would happened and then will result in totally unimaginable situation just as his stated. First thing first, we cannot already say that bitcoin would go 100k - 1M as today's market flow aren't progressing towards even in one fourth of 100k. Nevertheless, that is not even a way how economics works like if crypto goes sky-rocketted and then crashed economy will slow-down, of course not, crypto is decentralized on very top of that no one is even the main authority in crypto platform so it doesn't even affect economics in a way that crypto is highly dependent in that.

I don't really understand your argument. QE doesn't give more value to fiat, it does the opposite. I agree that society is set up in such a way that money moves in general from the poor to the rich, yes, this is unfair and unacceptable, and the links between government and the financial industry are a cause for concern. Bitcoin as a currency can remove some of that government power and help us move towards a more egalitarian society. There is no reason given as to why BTC will hit $500k-$1m, and then crash - you need to explain why you think this will happen. Personally I think that BTC will continue to increase in value over the long-term, no idea whether it will hit the highs you mentioned, but I think at some point as it enters the mainstream, the big price increase will stop and BTC will reach a natural price as a store of value, similar to gold or anything else. Orders-of-magnitude increases are not sustainable, and are are part of the early (yes it's still early) development and establishment of the coin.

Thanks for your very optimistic prediction on how much Bitcoin can go. Just like John McAfee, you must be a strong believer and fan of Bitcoin. Bitcoin can go as high as 1 million, why not, anything is possible here but I would assume that it can take decades before we can get there. We don't have to listen to many outrageous projections as they are just junks, selling ideas and opinions which may have no real basis at all. Let's always go back to reality whenever there is that tempting and enticing pull of fantasies and dreams. On the other side of the table, after the bull run you are predicting that cryptocurrency can be back to zero after holders convert their holdings to fiat money when it reached the ATH. I would not argue with you on that as the premise of the proposition is quite shaky and can really be impossible to happen. I can sense you are really trying to tell a message here and I think I catch that. Just continue on sharing and we will be here for you.

I see that you only think that BTC is a tools for rich people to get richer, and your statement that BTC will reach a high price is not even impossible 1Mil then crash does further illustrate that BTC is bubble same a a tulip.
It is difficult to predict the future of BTC will be like, but it is too early to say that BTC will crash.

Personally, it's hard for me to understand the whole context and logic. Maybe because of the construction.
I don't really underestimate fiat since both of them can work together. And I don't believe that crypto will be zero or even reach that price you have mentioned. It would be great if it will happen but that does not mean after that, its value will be zero. Yes, after its peak, the next move is to go down but not to the point it'll have no value. How you point things out seems like it's just as easy as it is but I don't think so.

Sounds like an interesting hypothesis but I would like also to assume that by the time Bitcoin reaches $1 million, it has already reached massive global audience and has enormous influence over world economies that if it is bound to crash, then the world economy will go with it but I think this doomsday prediction will likely not happen.

Let's assume but I think it will take another 10 years from now before it will reach that price. That is likely impossible to happen and I don't bother my self just thinking a very far prediction and unlikely to happen. What does OP mean crypto will be zero? As long as Bitcoin or crypto, in general, is on mainstream that is to become zero value.

I would prefer to say this, who knows what will happen in the future. That is unpredictable, let just wait and instead help the crypto market to have massive adoption.

I feel like you were talking about the power of fiat and at what price bitcoin will be reached but eventually bitcoin can never defeat the power of fiat because you says although someday bitcoin will reached 500k or even 1 million per btc but it will possible to crash someday but fiat seems never losing it value and can utilize the crash of bitcoin became the biggest purchase power in the world

Thiers’ law the reverse of the Gresham’s law states that under certain circumstances bad money can drive the price of good money up, and that is basically what you are describing on the first part of your post, and while a crash of the price of bitcoin is possible since most likely it will be in a bubble I do not see how it will go to zero, Zimbabwe is the perfect example of this, no one wanted to accept the official currency and it became worthless, so how does something that is worthless survives while good money collapses?

Why do you think that after Bitcoin reaches 100k up to 500k or even 1 million USD, it will crash? Is it necessary in your theory that after reaching that high price, it must crash? Because as for me, if Bitcoin will reach that high, there will be some level of stability because transactions as well as people's Bitcoin ownership will be reduced to a few sats already. That means there will be no more large whales that could manipulate the price.

If Bitcoin reaches 100k up to 1 million, that means fiat is already dead.

It seems to me that it's not us being wrong but you are. Fiat is designed to lose value over time. It's considered natural and even good to have steady rates of inflation. As for the debt, it increases the motivation to print more and more banknotes to finally get rid of the debt and that can cause hyperinflation and the eventual crash of the currency. And if we add cryptocurrencies to all that, I think that they are the only thing that can save the economy is major fiat currencies collapse. Because even though they are volatile, at least they cannot be controlled by people that much and explode.

I think that you are looking at it from the lame man side, I know that price crash is inevitable, as far as we have traders in the market that are always making a buy and sell order, so we will always see these rise and fall, but for bitcoin to crash and zero when it reaches the peak is something that I think will never be possible because there will always be people that will be making purchase of bitcoin as the price grows, and that time too, bitcoin would have equally become a stable coin that people would want to hold it as a store of value.

Therefore, not everyone would just dump their coin for it to crash and for a price to dump, someone must be willing to sell, while someone will be willing to buy, if you have bitcoin and nobody has the need for it then, how would the money enter your bank for the whole people to now cash out their btc.

I think anything that have some value like gold , oil , stocks , Fiat , cryptocurrencies ANYTHING is something that would support the economic breakdown , also debt is sometimes a little hard for everyone but you should understand that there is nothing better than Fiat in these cases , yes it's more or so stable and relative .. it might loose the value but you should understand that it is very important for everyone in the country individually , everyone needs Fiat ... everyone!

Actually this is a hypothetical situation which is really irrelevant. It's because fiat isn't debt from banks it's a debt from governments whom people will trust no matter what. So even if in case end of huge debt there would be no need of any sort payment as most of it is merely IOU. Your second question too is hypothetical. In case of boom asset owners do grow and this is what we call boom itself. You can't just say boom doesn't grows money for masses because it does creates jobs as investments increase. Moreover these thinks are bound to happen no matter what.

What about if we consider the idea of incorporating cryptocurrency. to be a subsitute or even to replace physical money entirely. Maybe it is not possible at this moment, but as time passes by, adoption of cryptocurrency will make it possible. We all know that there's no fast change in system, everythung take it slow at first but when crypto becomes so widely shared that even purchasing a single item requires crypto, then it is the time that government should start an action about it. We know government is already thinking about this possibilities, what we need to do is to keep it clean, contribute and consistently utilize crypto as I know it has a potential to save one's economy.

Just in your fantasy, it's in real life, come on..
Some of your imaginations will not ever happen.
Nevertheless, I do agree about bitcoin has the chance to reach $100k to $500k but will not crash to zero.
Fiat currency's value depends on the government regulation maintains its value, it will have bigger purchase power if the economics grows positively and the price of goods and commodities goes down.

indeed it feels very easy when you talk about world economic conditions but you have to know that the cryptocurrency economy will not be able to promise, I feel safer fiat because fiat is still able to survive until now and can be used by many people to make payments and supplies as well so much that prices have remained stable.

Fiat currencies are the failed financial tools that the Western world has introduced to this world. There's no paying that $200-T global debt and countries would just resort to violence and wars just so they wouldn't be able to cover up that debt. Quantitative easing also proved to be the most destructive financial technique introduced in the 21st centuries, oftentimes leading to economic collapses and recessions. The only thing that can save the world from such future crises is to overhaul the system, but then again we know this wouldn't happen knowing how most countries loved the control fiat currencies give them on their economy and on their citizens.

it will not be real everyone will not be in debt mate ,the power of fiat will not drive people crazy and choose fiat because its hard to put in a your wallet ;D ,everyone wants to find convenience not looking big trouble everyone wants to be safe and bitcoin is the safest so bitcoin will not be zero ,world economy will not be in ruins that will make everyone debted

The elite has no reason to overhaul the system because they are the winners and when it crashes then they will try to put in place a system that benefits them even more than the one that we have right now, this is why bitcoin and cryptocurrencies in general are important, it gives to us the option to adopt their system or to adopt an independent system that they cannot control, and if you are in this forum then it is obvious the choice we will take when that time comes.

If there is an economy slow down the ale of fiat will never go higher but it will go on the other side,we may get the better value for our native currency if we convert out USD based assets or the cryptos to local fiat.Crypto is not yet faced any economic crisis so no one can predict what will happen to the prices if there is any in the future but its wrong that fiat will have more value.

You started with logical thinking but ended up messing everything.
During boom, more money is generated in the economy, correct! But all this money doesn't go in the hand of asset owners. Rather it is distributed among all factors of production namely capital, land, labour and entrepreneurship. Land owners get rent, Entrepreneurs get profits, salary workers get salary/wages and capital providers get interest. So money is not just tap in the hands of rich, rather it is distributed among everyone. And when bear market returns, everyone face recession, even rich as their assets' value depreciate too.

Well, OP didn't mention anything about an economics degree but looking at his prediction I can easily tell you that he didn't studied economics at all. I in fact guarantee that polo7 hasn't seen a single class of economics in his life or even if he had something as basic as econ101 type of class he didn't really pass with a good grade. Hell I go even further by saying he never had a proper math grade neither.

ALL the things he said are wrong, like not even a single true part of it, not even partially right part of any of them, all of them 100% wrong, not even a %0.1 right part in %0.1 of it. Its good tho, the people like polo7 who sell means the more money we get for cheap and the cheaper we get the richer we get when price goes up, I see this as an absolute win.

High demand because the factors revealed will increase the value of the currency, it is true for fiat. But there is nothing related to permanent policy in bitcoin so it's very different. bitcoin always evaluates prices so that they will never be zero.
Currency devaluation does not affect anything, but it is useful to rearrange the influence of the central economy and focus on GDP, the rest depends on economic policy and governance. this explanation is suitable for macroeconomics. and you also have to look at the micro side related to investment because not everything will go parallel and only focus on debt.

Fiat Can't fall its simply just mean for Exchange value between People.

The End loser is economy... And the People

I think you think too far. don't think too often about things that haven't happened yet and far from reality. currently a bitcoin price of $ 9k is possible when bullrun bitcoin will reach $ 20k - $ 30k. You say $ 100k - $ 500 I think that's too high.
and if a country has a lot of debt it can cause a country to experience inflation and make fiat currencies worthless.

Fiat can fall, and it can fall in two different ways, it can be a slow process in which fiat begins to lose its value, this is called inflation, and your fiat buys less and less products and services as time passes on, the second way in which it can fall is that it fails completely and people lose confidence in it to the point they do not accept it anymore, this happened in Zimbabwe and even the government recognized that they could not print their own currency anymore, they are trying to introduce their currency once again but if they do what they did in the past then the same will happen.

Does bitcoin go up properly? Crash due to many more sales requests in the purchase appeal? Bitcoin crashes could not significantly make the value of a moving fiat currency.
And Crypto will not be 0 if there is still a purchase request and it is unlikely to happen. I am not good at economic problems but everyone can argue.

What if the BTC itself will be used as payment until that time? Now replace the fiat money with BTC and consider the new scenario.

Also, when the BTC reaches 500k, it will reach 9,000,000,000,000 USD, which is a huge number. The following numbers are the amount of physical money available in the world, now calculate yourself.

Source: https://www.worldatlas.com/articles/how-much-money-is-there-in-the-world.html

Fiat money will eventually crash and become worthless, If people will use Bitcoin to transact in their daily lives then I believe fiat money will soon disappear. If later all countries would adopt Bitcoin and they would repay state debt using Bitcoin, I think it could happen in the future then fiat money will be worthless.

Fiat is essential for one's countries economics to function correctly. Tax is needed for a country to develop. And there's no way you can use bitcoin in a daily transaction lol. Using bitcoin for micro-transaction is just a waste of money because of the fee, and not all people have a cellphone or internet. Fiat is needed for everyday use.

Bitcoin is just like any other currency. Don't treat it like an ultimate currency to pay for your countries debt. lol

We know that fiat will eventually crash since it is a trust game that no currency has ever won, but it is difficult to believe that all fiat currencies of the world will crash at the same time and even if they do they will not disappear, governments will not give up the huge power fiat currencies give them, I am sure that if things get that bad cryptocurrencies will be banned all over the world and people will keep using fiat, but the amount of persons using cryptocurrencies will be many times higher than what we have now.

Once we adopted the crypto world, then Fiat currenty will eventually crashed, still it will come in few more years or more decades. Statistics shows that only 1% of the total population are into cryptocurrency so we still have more years to enjoy the fiat before it will be totally worthless. For now, we should support crypto all throughout so that our government can see its advantage and will eventually adopt and legalize it.

I seriously think that fiat would still be present along with the cryptocurrencies since it would stand for its respective uses since it would come down to a matter of convenience. If we are talking about our day to day lives where we would come to a coffee shop and buy a drink then it would be better to use cash than Bitcoin which would take several minutes to process in addition to the transaction fees that needs to be paid. I think Bitcoin or cryptocurrencies are better suited to be used in conducting international transactions which would immensely cut the transaction time and would offer more convenience.

OP you need to understand that when value of something crashed then it will be hard for it to recover to the original price,so your claim of fiat will gain more purchasing power from now doesn't make sense.When you said bitcoin price will go like 100K means people started using it so what could be the reason to leave that and then come back to old crashed system if it happens?

Not at all, we can't expect fiat to crash after adoption dominates the entire economy, if government won't allow it. There's still cash spending because most people still used the traditional paper money, and it cannot be removed from their daily spending needs. It will take a lot of times before cashless society will be associated with cryptocurrency, which soon solve the country's problem particular with financial matters.

Usually, crypto is fully adopted by a country when its currency loses value because there is no alternative but to adopt crypto, as is the case with Venezuela.

I am a crypto user but I doubt that the world economic system will be replaced by crypto because there are many complete paperwork transactions that cannot be accommodated by the blockchain. Besides the biggest obstacle is the majority of a country's government considers the adoption of crypto is to open wide potential problems in a country.

I truly hope that the government will find a win-win solution between openness to crypto and the interests of maintaining economic stability, domestic politics. Because all agree that financial technology is inevitable and will be a loss for the government if refuse the invitation.

It will never because fiat was need of the person who can't afford technologies so there are some country who suffer from poverty need to use fiat to transact from their needs.  I think when the future generation comes, the fiat will never disappeared because it was hard from some country who do not favor from crypto.

In other words... If the fiat currency is used to borrow money.
It Will increase the debt  to pay back the debt... You need money.


Indeed that will increase even bigger demand to have fiat currency than before! 

I can undestood only one thing here!! 

That cash is king and HODLE Fiat at the end of bull markets!!! 


And That's Logical conclusion and objective way of thinking!

Final conclusion:  invest assets now but sell later the End goal is to Get Fiat currency!!

I never thought bitcoin could crash due to the huge debt impact. and in my opinion when bitcoin can reach a price of $ 500k it is unlikely that bitcoin will fall down and crash.
and when the country has a large debt I think they will still use fiat money to pay. I think it's very risky if we pay off debt using bitcoin, which has high volatility.

I cannot see the necessary connections you are trying to imply. The debt problem involving fiat is not going to make its value higher. I think the opposite is true. If the debt problem will persist in the level of individuals, companies, states, and nations for a long time, there will come a point when they would think that this fiat system is making everything hard. That has been the case involving over-printing of fiat to support a need, whatever it is.

Not really. I mean the currency of Venezuela lost its worth due to its own government and it is not like it has totally shifted to crypto currencies. The replacement of fiat with digital currencies is just a matter of time. We are moving towards an age of pure technology. Digital coins are the future of money and no one can stop it from happening. Governments and companies will be introducing their own projects. Just wait and watch.

Venezuela is an example of a country that has no alternatives (TINA) but to adopt crypto, especially bitcoin. The unskilled government is indeed one of the factors that caused the economic crisis and hyperinflation but, there are also external problems that have caused crises including:

- Drop-in world oil prices, Venezuela is a country that relies on crude oil exports for it's country's income. Nearly 90% of the country's income comes from oil exports. Can you imagine the effect of falling oil prices for Venezuela?

- Unstable domestic conditions triggered by high unemployment, causing a wave of demonstrations even to the extent that many Venezuelans have fled and left Venezuela.

- Due to high inflation, the monetary value continues to fall even if it does not have a price, a fall in the value of the currency causes the price of primary needs to skyrocket.

- The final reason is the main reason why Venezuela is experiencing a crisis is the economic sanctions and the total economic embargo of the United States against Venezuela.

After several times a new currency was issued to replace Bolivar and the government even issued a new Petro stable coin, in fact, it could not be a solution. The adoption of Bitcoin was carried out in Venezuela at the request of the state-owned gas company (PDVSA) because the suppliers of crude oil needed funds for operations. PDVSA saves Bitcoin in a Venezuelan bank and the issue that President Venezuela has several methods for collecting bitcoin (launching Petro was also used as a tool to collect bitcoin).

From the explanation above, we can understand that the Government of Venezuela has no other alternative than the adoption of bitcoin to roll back the wheels of its economy, which is 90% dependent on crude oil sales.

I've also seen predictions of around $100k but more in the light of the halving. It's hard to predict a coming economic collapse (even though many people predict it'll be around 2020).

Best thing to do is just have some crypto just in case. I think this is what's good with the development of crypto, even people who can't afford assets like gold have an alternative way of storing their money.

Not really, the end goal is to get wealth in any form possible, those that invest in gold do it because they expect its value compared to fiat goes very high and the same is true for many bitcoin holders and when the bubble crashes you do not want to be the one that keeps holding an asset that is crashing regardless of its name, but cashing out in fiat is just an alternative, you could buy real estate, jewelry, gold, stocks or anything not crashing at the time, if you repeat this process eventually you will get to your goal of being wealthy.

If bitcoins are accepted in increasing numbers countries as legal tender or a valuable asset, Their value may gradually stabilize and people will be more willing to use them as payment. And given the deflationary model of bitcoin, people will willingly store their money in It, because the supply of bitcoins is limited. Bitcoin in the future can compete with fiat currencies, if it continues to spread in the world.

Yes. And it is a chicken and egg situation. After your currency has crashed by 50%, it's 50% more expensive to buy crypto. In a currency crash situation people won't even have enough to pay for food and rent let alone a bit of spare money to buy crypto.

The best answer is to buy some crypto BEFORE the currency crash. Also, try not to elect idiots - you can prevent currency crashes in the first place by not electing the Maduro's of the world to power.

Based on some readings I have made on the subject, first of all the economy is made on debt, since 100USD does not have the same value today as in 1980, this is due to the inflation that has suffered, every time the money supply Cash is running out, it's simple to print.

But the world economy has been responsible for its falls worldwide, as in the 2008 crisis, all the fault lies with the banks, and the next fall will be their responsibility. The debt has always been but it is focused on countries where its local economy is not the US dollar, impossible rates are generated to pay off its debts in countries that owe the US, The hegemony of the dollar is becoming stronger.

Now the way to start not seeing this debt is through the Fed when it gives statements that the system has liquidity, and its negative interests are less and less, here comes the low correlation of Bitcoin with respect to other actions, where the best Diversification is with Bitcoin.

In a world economy where what governs is debt, and part of inflation, it is best to protect yourself with Bitcoin, some give options better known as gold, it is valid, but an economy where it is managed by debt and fraction of inflation the best It is a deflationary economy.

I am not a supporter of Maduro, but the economic crisis in Venezuela is caused by serious illness complications if explored deeper.

- The nature of Venezuela is its economic dependence on crude oil exports and, unfortunately, America is the only Venezuelan export market

- The legacy of the previous government. Namely the president Hugo Chavez with socialist government policies creating a large financing burden when oil prices plummet, for example, is a social program of housing construction. In addition, under the pretext of reducing the gap, the government pegged the prices of basic necessities such as flour, cooking oil and bath necessities. This makes many companies not get profit and go bankrupt.

- Power struggles that are not in accordance with the constitution & elections with participants below 50% of citizens who have the right to vote. if the people are more active in elections such incidents can be prevented.

- The custom of the Venezuela government prints money which causes higher inflation.

Not all crypto applications can solve the problems of inflation or a country's economic crisis. Petro's adoption cannot overcome the economic problems faced by Venezuela even though Petro is a cryptocurrency. Now the Venezuelan government has instead adopted bitcoin.

Why the PVSDA choose bitcoin, not another cryptocurrency because bitcoin is the only crypto that is purely decentralized, permissionless, fair launched & bitcoin is used as a benchmark for altcoins.

Every time is the right time to invest in crypto currencies. It is not exactly that the value of digital assets change after the crash but the fiat loses its worth and becomes a way too cheap. Ultimately, making the other stuff expensive. People should not wait for crisis to hit them first and then take help from digital coins to save themselves. The earlier someone invests in these coin, the safer
becomes his financial health.

And that is the opposite of what they want, governments cannot tax your wealth directly, they have tried in the past and people have always been strongly opposed to this, so they had to figure out how to tax what you have saved in fiat and they found their solution in inflation, if they print 3% more money then there is a 3% inflation and your money will lose as much purchasing power, they are effectively stealing your wealth and the only way to protect you from this is by not holding fiat and hold something else.

Strong point you made there. Inflation is a hidden form of taxation, which is something the majority of the people don't know about because it's not something that they are made aware of at school.

I think that's done on purpose to keep people ignorant and vanish a percentage of their purchasing power every single year, and that while the same governments hoard gold to escape from their own financial mismanagement.

At least, I'm glad that Bitcoin made people more aware of the financial system and how rotten it actually is. It's a tiny drop in the ocean still, but it's getting better every single day that goes by.

Basically fiat money has no meaning (worthless). Fiat money is just a piece of paper or a coin bearing a certain value. The new value has meaning if he can give you something: exchange it for food, clothing, and other needs.

Poor countries with weak economies, its fiat value tends to continue to weaken against the country whose economies are stronger such as the US Dollar, Japanese Yen, Euro. These weak state assets are very cheap because their value is measured by their weak fiat value. Cheap assets, very easily controlled by foreign countries that have stronger fiat money.

Inflation is often called a hidden tax and is considered the worst tax because most people are not even aware of the impact on the money they have. Inflation also has a positive impact on state revenue. inflation has a positive effect on VAT receipts. This is because if there is an increase in the inflation rate, it will automatically increase the selling price, which is the basis for VAT Tax Imposition.

Through the two fiat and inflation mechanisms, a poor country will get poorer, so will the poor population continue to multiply and increasingly because they also continue to be taxed by what is called inflation.

To break this chain what can be done; Countries and all institutions in it (including private institutions), no longer calculate their wealth with a measuring instrument whose value is biased like fiat money. Use a standard measuring instrument such as gold. Thus the value of the country's wealth is maintained and cannot be mocked through the 'price' of fiat money on the market.

The state must be able to reduce inflation to its lowest point so as not to burden its population with inflation as a 'hidden tax' for the entire population. The use of money that has intrinsic value is one solution because the use of currencies that have intrinsic value will initially stop the process of impoverishment further. With the next hard work, prosperity will be distributed evenly for the entire population.

In my opinion, a good economic system is an economic system that can create equity for access to capital, access to markets and access to the same values.

Citizens pay tax on every facility they avail. Every product that they buy includes tax. Every mobile recharge, electricity bills, gas bills, medicines and all that can be imagined has tax on it. So it is impossible to run away from this. It is also not a bad thing as long as the government is not corrupted. Inflation is a separate problem. This can be solved by introducing blockchain technology.

Money is money, there is no difference. Cryptocurrency (just like Bitcoin) is money as well and there is no difference.
If we should switch from Fiat to cryptocurrency we are still going to face the same thing we are facing and maybe even worse.

Some people think that if the world should start making use of cryptocurrency there will no longer be debts to be paid and everyone in the world will become rich, well that's not true. When the world starts making use of cryptocurrency, your debt that you owe will still be there for you to pay, the only thing that is going to change is that transaction will be fast and transparent, but you won't be protected if it should be anonymous (well I know for sure that it wouldn't ,because the government will regulate it).

You are right when you say that you cannot avoid paying taxes because everything is taxed by the government but at least when it comes to things that you buy you have a choice, you can choose what car to drive, how much electricity you use and what food to eat, but in the great scheme of things the most damaging tax by far is inflation because it is cumulative and if you don't believe me you just have to see what you could buy with a dollar 30 years ago and what you can buy with it now.

Bitcoin is not money! 
Money is USA dollar and eur.
If You Want to get dollar you dont pay some fee to get 10 usd... You just exchange it with other people.
To get btc u pay high fee
Btc has problems...  Its slow and highly volatile! 
Fiat currency will never disapere, When there is crisis then fiat currency is Even more sacred!
At the crisis or Economic turn down fiat currency will have Even more purache power.

Bitcoin is classification likely as Property but not Money! 

Tax is basically that money which we give to government in exchange of anything we buy. Inflation on the other hand happens when the currency of a country loses its worth. Obviously this will make the products and services more expensive. It also increases the tax. So basically one thing triggers the other. Ultimately everything or economy specially is controlled by the government of a country. We can only escape from this problem by using cryptocurrency that are decentralized in nature.