Bitcoin is protection against economic collapse

[headingnorth]

This is a pretty scary prediction about the direction the US economy is headed,
but in many ways seems fairly accurate (hope I am wrong). Agree or disagree?


This ALWAYS Is What Happens Right Before Everything COLLAPSES
(Youtube)

[Woodie]

Dumping the US dollar for crypto(Bitcoin) is not and never the solution..as this is just running  away from the problem and not finding  a solution,  and btw this won't happen either!!

Whatever economic declines the US is facing is all because of bad policies by the current Trump  government which we all know! If you haven't followed through from Trumps tariff wars to messing up international ties with some of its allies , the cracks are now showing up...if the US is to recover from this that impeachment echo needs to.be louder or better yet wait for his term to finish because its end of the road for the man.

[MinoRaiola]

This is a pretty scary prediction about the direction the US economy is headed,
but in many ways seems fairly accurate (hope I am wrong). Agree or disagree?

In America, the debt is now so high that no one knows how long it will take to pay it off completely. For many years, the debt limit in America has been changed and the raised, which is bullshit every year. It seems as no one knows how to do it any other way, or they already reached the point where there is no other way. And nor the question... how long can this continue to work? And what will happen when the next financial crisis hits America and Europe?

[Fivestar4everMVP]

This is a pretty scary prediction about the direction the US economy is headed,
but in many ways seems fairly accurate (hope I am wrong). Agree or disagree?

In America, the debt is now so high that no one knows how long it will take to pay it off completely. For many years, the debt limit in America has been changed and the raised, which is bullshit every year. It seems as no one knows how to do it any other way, or they already reached the point where there is no other way. And nor the question... how long can this continue to work? And what will happen when the next financial crisis hits America and Europe?

Well, I think it's not just America, majorly every country in the world are going through one economic hardship or the other, but I definitely know that the reason why it seems America has the attention currently is because they have been the world power for quite a long time and still are till date, and they are a country most other smaller and third world countries look up to development and other economical decisions.

I do not think bitcoin can protect any country including the US from economic collapse or failure, because the economic stagnation and collapse all of this countries are experiencing is as a result of bad governance, poor economical decisions and investments from those who are at the helm of affairs in this countries, even if the US manage to gather all the dollar in circulation and invest all of it in bitcoin, it won't change what the country is currently going through today because what we are seeing happening today is the result of poor decisions made yesterday.

[Ruttoshi]

Inflation is a norm because as time passes on, the the demand of goods and services goes up and the population also increases which will definitely affect the supply. The amount of money in circulation is not always enough due to poor management which will make government to print more money and triggers inflation because the citizens are the ones to pay for such act as the government increases interest rate and encourage people to take loans.

Bitcoin cannot be used to combat inflation in a short term and using it as a currency wouldn't change anything because we need fiat to survive in our daily lives because fiat is the power of the government.

[Smack That Ace]

Yeah there is nothing wrong dumping the US dollar for cryptocurrency. The video you provided explains how a debt death spiral & currency devaluation cause nations to collapse. It even recommends creating parallel systems & taking inspiration from alternative economies like Bitcoin. Therefore, in my opinion, it is a legitimate move to protect against this entire mess rather than merely avoiding the issue. i have to say the video makes the case that structural problems, not just one president, are at play. However, the end of the road for the man part made me laugh

[headingnorth]

Inflation is a norm because as time passes on, the the demand of goods and services goes up and the population also increases which will definitely affect the supply. The amount of money in circulation is not always enough due to poor management which will make government to print more money and triggers inflation because the citizens are the ones to pay for such act as the government increases interest rate and encourage people to take loans.

Bitcoin cannot be used to combat inflation in a short term and using it as a currency wouldn't change anything because we need fiat to survive in our daily lives because fiat is the power of the government.

Say what? Holding all your savings in cash?
Here is the fate of those taking your advice in 1929 on the eve of the Great Depression:

A soup kitchen line in NYC

[coolcoinz]

Remember that it can protect you from  localized collapse, but probably won't help against a large one. Let's say you live in a small EU country like Lithuania and your country gets threatened by Belarus, or Russia, to the point that your citizens flee and economy collapses. Of course bitcoin will protect you. That said, if the whole EU central bank goes down, you'll face chaos not seen since the last World War and bitcoin won't help you much when there's nobody willing to trade you for it because people are busy barricading in their homes

[Churchillvv]

Bitcoin being an innovation from 2009 shortly after the global financial crisis (economic collapse) it for sure supposed to be a savior for the people incase there is such economic collapse again just like the predicted one in the video though it’s peculiar to the US. However it’s not going to be a hedge assist inflation for governments but for individuals it is, government for sure would even give bitcoin the benefit of doubt for such because they survive or control the people through inflation and collapses which will make some masses believe that a new set of individuals elected (selected) is coming to save them meanwhile it’s as always.

However the US is not immune to anything and perhaps is the country with the most accumulated debt, instead of the US to have an economic collapse they will instead instigate a war for other countries so they can sell weapons for them to kill themselves while they claim saints or innocent in the war or probably force countries which has alliance with them (except those that have ran to BRICs ) to submit some level of gold to them then they can use it as bait to source from several economies to save theirs.

[Perfectbaby]

Bitcoin is not designed to solve any economic problems or to lift countries from their debt rate but it's basically create as an alternative to fiat currency, but when people now observed the potentials in bitcoin they now turned it to investment tools where you invested x amount in 2025 and expected to profits back x10, which is not possible because bitcoin already is seen as higher volatile digital assets. But yet that doesn't dispute the fact that it is not serving the real purpose it was created for.
I never think that those countries that are wanting to covert all their fiat currency to bitcoin truly understood the volatility nature of bitcoin and if they does they wouldn't had think about depending on bitcoin for economic restoration, most times what attributed to these hardship and, or economic/financial crisis.

[suzanne5223]

This is a pretty scary prediction about the direction the US economy is headed,
but in many ways seems fairly accurate (hope I am wrong). Agree or disagree?

In America, the debt is now so high that no one knows how long it will take to pay it off completely. For many years, the debt limit in America has been changed and the raised, which is bullshit every year. It seems as no one knows how to do it any other way, or they already reached the point where there is no other way. And nor the question... how long can this continue to work? And what will happen when the next financial crisis hits America and Europe?

It is not that no one knows how the other way, and I believe the concept used by Satoshi to create Bitcoin gives the government some concept to build the economy instead of collapsing it, but the government always chooses its politically selfish decision, which is to profit from the economic collapse.

An example is one of the reasons behind the misunderstanding that happened between Trump and Elon when Elon advised the President not to make a decision cause it would somehow impact the economy negatively, but the President chose that follow the old political strategy, which always causes economic collapse.