Nobody is not ready for this fiat currency volatility

[Polo7back]

World is Changing and btc crypto Will be on neutral side.
While USA russia eu china fight with each other fiat currencies become very volatile.
What we gona see is something that nobody don't belive.
Finally we can see fiat currency will be volatile.
Your USD eur or gbp Will look like you are dealing with meme coins.
We gona see liquity problems over liquity and capital moves over night from one country to another fear of investors we gona see fiat currencies very unstable against each other.
If you hold eur or USD then today 80% up and tommorow 50% down.
Crypto Will be winner in this case because nobody dont know who's winner in this fight the crypto will neutral safe heaven asset
There is one fiat where is also safe it's switzerland franc
While china usa fight nobody dont know whos the winner so there is fear and fud over the usd and china currency and assets
People want to get their hands on crypto but it will have higher Premium for many countries.
Not just doom and gloom but there will be chaos everywhere world Will use crypto just to survive.

[GbitG]

Fiat currencies can get weak due to economic problems and other reasons surrounding the economy of a country, but I don't see any point in your post where you describe the reason why you think fiat currencies will become volatile just like cryptocurrencies because an asset will only get volatile if it has a limited supply and it isn't controlled by a central authority. A country can't let its currency become volatile, it can gain and lose purchasing power, but that's a different thing altogether.

Cryptocurrencies on the other hand will barely become usable on a larger scale for multiple reasons. The very first reason is that countries and their governments won't allow cryptocurrencies to take over because if that happens, they will lose control, and they won't be able to do anything if they lose control because control gives them power.

[Gladitorcomeback]

Fiat currencies can get weak due to economic problems and other reasons surrounding the economy of a country, but I don't see any point in your post where you describe the reason why you think fiat currencies will become volatile just like cryptocurrencies because an asset will only get volatile if it has a limited supply and it isn't controlled by a central authority. A country can't let its currency become volatile, it can gain and lose purchasing power, but that's a different thing altogether.

What makes you say that?  Someone with good enough knowledge about economics would know that when a currency loses purchasing power it means its value has become volatile.  Take any third-world country's currency as an example, their value keeps changing when checked against currencies such as USD or GBP, etc., and this happens because they have a weak economy.

Cryptocurrencies on the other hand will barely become usable on a larger scale for multiple reasons. The very first reason is that countries and their governments won't allow cryptocurrencies to take over because if that happens, they will lose control, and they won't be able to do anything if they lose control because control gives them power.

I quite agree with this point of yours and the reason is that we can see how governments get restless when cryptocurrencies start spreading within their countries.  It's pretty evident with countries such as the USA who is constantly trying to push them away either by imposing enormous taxes or suing every other cryptocurrency platform or company.

[Die_empty]

OP your projections are based on personal views that are not backed by any research, so I wouldn't see it as valid. First, there is already a cold or indirect war between these countries you mentioned and it has not led their currencies to become worthless. I don't also think there will be any physical confrontation between these nations since each of them knows the consequences of fighting war.

Second, I accept the fact that Bitcoin is neutral but it will become a global currency only if these nations accept it as legal tender. It is glary that every government wants to control the financial affairs of its citizens and Bitcoin will undermine this goal. So I don't see these superpowers embracing Bitcoin as a legal tender. Rather they will do everything possible to increase the value of their currency and consider adopting Central Bank Digital Currency (CBDC) than embracing Bitcoin.

Not just doom and gloom but there will be chaos everywhere world Will use crypto just to survive.

I am just trying to figure out how Bitcoin will rescue the world in this predicted era of chaos. I think Bitcoin will continue to exist side by side with fiat because it is designed to be an alternative and not a replacement.

[Iranus]

Fiat currencies can get weak due to economic problems and other reasons surrounding the economy of a country, but I don't see any point in your post where you describe the reason why you think fiat currencies will become volatile just like cryptocurrencies because an asset will only get volatile if it has a limited supply and it isn't controlled by a central authority. A country can't let its currency become volatile, it can gain and lose purchasing power, but that's a different thing altogether.

What makes you say that?  Someone with good enough knowledge about economics would know that when a currency loses purchasing power it means its value has become volatile.  Take any third-world country's currency as an example, their value keeps changing when checked against currencies such as USD or GBP, etc., and this happens because they have a weak economy.

The value of fiat currency depends on the economic health of the country. Only a handful of countries have high inflation due to government corruption and mismanagement causing their currencies to lose value. And that is not enough for us to assert that all fiat currencies of all countries will become as volatile as cryptocurrencies, the likelihood of that happening is very unlikely for countries with large economies like the US or developed countries.

Cryptocurrencies on the other hand will barely become usable on a larger scale for multiple reasons. The very first reason is that countries and their governments won't allow cryptocurrencies to take over because if that happens, they will lose control, and they won't be able to do anything if they lose control because control gives them power.

I quite agree with this point of yours and the reason is that we can see how governments get restless when cryptocurrencies start spreading within their countries.  It's pretty evident with countries such as the USA who is constantly trying to push them away either by imposing enormous taxes or suing every other cryptocurrency platform or company.

The government has never been restless or worried about the development of cryptocurrency because it can grow and become popular requires their permission. If you come from a country where cryptocurrency is banned like Bangladesh, you will find that it will never be widely used by the people if the government still issues a ban. Don't be delusional and overestimate cryptocurrencies, and don't forget that the government is still the one who controls this world.

[Casdinyard]

That is if Bitcoin becomes its own standalone currency, and is not backed nor pegged in the slightest to any form of tangible currency out there, cause at the end of the day believe it or not but Bitcoin is still a little reliant to the power of the USD, despite the fact that it could pump on its own while the whole outside market's in shambles.

At the end of the day if you wanna make use of your crypto, or in this case, bitcoin, you would have to convert it into spendable cash, since no one's out here accepting crypto payments yet, and even if they were it's at cutthroat rates that you would be forced to just use buy shit the regular way anyway.

So until the whole crypto market could substitute the fiat economy, and that's a long ways to go mind you, people will always be reliant to the dollar or to whatever is the international standard currency at the moment, even us folks out here. What we can only do is to save the value of our wealth by buying crypto and holding it for dear life, and that's it.

[peter0425]

Finally we can see fiat currency will be volatile.
Your USD eur or gbp Will look like you are dealing with meme coins.

Actually I highly doubt that. Fiat currencies are backed by the government and is controlled by them. They tend to regulate the money by manipulating supply and other economical factors.

Even with wars or any other events that could turn fiat currencies into a spiral I don’t think it will get as bad as not being stable and being similar to memecoins. I am sure that even if that happens the government will try to solve it and  regulate some of their policies to make this hypothetical phenomenon stop.

[el kaka22]

I am not sure if we are going to have those powerful fiat currencies to have that. Not that it has not happened before, just recently a few years back I think, we have seen Pound Sterling to lose 20% value in a week, which was a shocker to the world because nobody remembers when was the last time that happened, probably during second world war or something.

This is why I believe that people should be seeking a way to prevent that for sure but still it is not a common thing and I doubt that it would happen. I think the likely situation is that if these type of high volatility ever happens, it would be rare and not common whereas it is quite common for bitcoin volatility to happen, we have months where it goes up and down nearly 25-30% ranges, so it is quite obvious.

[alastantiger]

The currencies of the super power countries will remain strong. Let me say non volatile. These super power countries are not the only ones using their currency for transactions therefore they will always be in demand outside of their country's border. It is only the currencies of weak nations, nations facing high level of corruption, weak economic policies and other debilitating factors that will watch as their currency becomes very volatile and too useless to use. A county like that one is Zimbabwe.

[Faisal2202]

Crypto Will be winner in this case because nobody dont know who's winner in this fight the crypto will neutral safe heaven asset

Hmmm. then why crypto dipped when Iran attacked Israel, there is still a fear of war and market remained red for few days, why crypto went down at that time if its a save heaven asset or neutral asset. I think you are new to crypto sphere, and must have read some article but dear allow me to tell you that nothing works like that, in the next 40 to 80 years you will not see prices of fiat volatile just like meme coins, as meme coins are highly volatile and fiat is far away from them. But I can tell you one thing that when war comes to USA or any big Tier1 country then the fiat will be a little volatile otherwise USA has lot of money they just gave more than 20 billion dollars to Israel you know for what.

The point is, war has more impact on the prices of crypto in compared to fiat.

There is one fiat where is also safe it's switzerland franc
While china usa fight nobody dont know whos the winner so there is fear and fud over the usd and china currency and assets
People want to get their hands on crypto but it will have higher Premium for many countries.
Not just doom and gloom but there will be chaos everywhere world Will use crypto just to survive.

Are you from the future, I mean you are stating words like you already know everything and trying to tell us that we should do this and that. Well, to me all of yours worlds a illogical until you give me some stats to agree with you, like why only france fiat will be a save heaven.

[Darker45]

There is no neutral fiat. For as long as fiat is centralized and run by the few powerful personalities in the government, it will remain biased or partial. Fiat can't be insulated from politics, power plays, influences from bad actors, and so on. Even Swiss franc can't be completely neutral.

I think the basic feature for a currency to be really neutral is decentralization. Only decentralization would keep fiat away from external influences. Any fiat that's centrally managed can't be neutral.

Furthermore, fiat currencies represent countries. As such, they are also at war against each other. They are in competition against each other. It's not surprising for a country to try to bring down another country's fiat.

Bitcoin is protected against all this.

[pooya87]

If you hold eur or USD then today 80% up and tommorow 50% down.

Fiat currencies values will never go up 80%, that's just impossible and the governments won't allow it to happen either because that kills the economy as people would simply stop spending which would cause a deep recession.

There is one fiat where is also safe it's switzerland franc

The thing about large scale conflicts is that they are unpredictable and what they do to the world (including but not limited to Franc's value, Bitcoin's value, etc.) is also unpredictable.
There is simply no reason for Franc to be an exception and be "safe" while Europe as a whole would be falling apart in the scenario of a large scale conflict where one side is Russia and the other side is US and they are fighting each other inside Europe...

[blckhawk]

Nobody will ever be ready, even those that will have the money to weather the storm, they're not going to be that prepared for that to happen. It's difficult for the fiat to be volatile though, pretty sure that when that happens, they would do something to make sure that it's not going to happen longer than it should because the government is also affected and when they're affected by something, they're quickly doing the solution that needs to be done. I would say though that most governments are probably ready in some way because they're the ones that's distributing the fiat and the more stable it becomes, the better it is for them at the least so in a way, it's an incentive for them to stabilize fiat in some way.

[adaseb]

Yeah the US dollar is not that volatile but consider the Japanese yen. Go look at the chart and you will see crazy swings. Currently it’s at decade lows against the US dollar. This is obviously not good for trade business.

Who knows why it happened exactly, maybe it was the Bank of Japan fault for their policies or maybe it was due to Covid which created all this a few years back. Either way many are suffering because of this and the next few years currencies will be crazy volatile.

[MusaMohamed]

By purchasing bitcoin and hold it, you have a good investment asset against inflation and decreasing purchasing power of fiat currency.
Fiat currencies are losing their purchasing power against Bitcoin. Value of one satoshi has been increasing a lot with time.

https://charts.bitbo.io/bitcoin-vs-fiat/
https://charts.bitbo.io/satoshi-per-dollar/