If the US dollar crashed, would it affect bitcoin in any way?

[avw1982]

It will affect BTC-USD exchange rate, but 1BTC is still 1BTC...

If the US Dollar were to fail, then whatever took it's place would need to be a reliable unit of account. The global economy would probably fall back on gold the US Dollar is not going to crash and become worthless overnight. If it does, the price of bitcoin will be the furthest thing from our mind

[Pab]

That case BTC price will reach hypermoon

[dothebeats]

Bitcoin won't go anywhere but up. People would soon start to transfer assets and value, and switching to another fiat currency won't do much. Gold might save the people, but bitcoins is pretty much what's everyone would be eyeing for in case an economic crash occurs.

[turkandjaydee]

that is good question,
however if dollar fall, the world economic gonna be bad.
if its fall now, when bitcoin is not universally accepted yet. Bitcoin would also crash, people would sell their bitcoin for gold.

[AncilVTwo]

i dont think it would affect bitcoin much, its a completely different currency and the transactions that happen with dollars arent correlated with bitcoin.

[Bought]

As the title says, what would be the effects on bitcoin if the US economy crashed?

Would there be a sharp rise, as lots of people would want to move their money out of the dollar and into something else, or would the price drop, as a large fraction of the bitcoin community is American?

There would be a sharp rise, yes.

[davinchi]

As the title says, what would be the effects on bitcoin if the US economy crashed?

Would there be a sharp rise, as lots of people would want to move their money out of the dollar and into something else, or would the price drop, as a large fraction of the bitcoin community is American?

There would be a sharp rise, yes.

A crash in U.S.dollar would be a reason to worry for many of the bitcoin users because the currency is a widely accepted  medium of exchange in numerous dealings done on bitcoin. But actual happening would be people would start dis-investing from USD and bitcoin is likely to rise.

[bearex]

Probably yes in some way, because BTC value is directly influenced by dollar value. You calculate how much dollars you get from 0.57 BTC and so on.

[gkv9]

That would definitely affect the "value" of bitcoins if everyone here is valuating their coins with USD...
The inflation/deflation affects the price of Bitcoins, based on what exchange rate you will be getting in other currencies too...

[Denker]

Yes I think there would be an affect.
I guess it would be the same as with gold when the currencies go down.
Bitcoin would go up in value!Pretty simple. And when USD should lose it's status as world reserve currency, we wouldn't value Bitcoin in USD anymore.

[a7mos]

If the US dollar collapses, it will affect all the world economy as all international trades are done with dollars.
It will impact the bitcoin price of course as some new users will start using it

[bitlancr]

I think it would have an effect on bitcoin. I believe the price of bitcoin will go up as soon as the dollar crashes.
Which is good for all the bitcoin owners out there. We would be able to get some good profits out of the dollar crashing.

[Altynbekova]

Well that is difficult to say, when it will crashed they are still people using fiat money I doubt that bitcoin will just rise like that.
The Euro country or England and other country will just help America to go up again. I doubt we will see a crash with fiat money.

[tyz]

Sure, the price will explode. Please are trying to get alternative payment like Gold and Silver. Because those goods could be easily controlled and limited by the government, Bitcoin or cryptocurrencies in common, will be the perfect way to keep value of one's wealth.

[HardcoreSuperstar]

I really think it would have 0 negative effect.  If anything, more people could possibly begin to invest in BTC.  Kind of a tough question though.

[BillyBobZorton]

I think if you are on almost any metal and ofcourse Bitcoin, you would become an instant millionaire, as if the dollar crashes, ALL other fiats would become worthless as well.

[justspare]

I think that the price of Bitcoin will rise a lot as the demand for it would sky rocket. But no one would sell their Bitcoin as the USD would be worth barely anything.

[Hashminers]

Yes, if the dollar would crash, I think that it would have a positive effect on bitcoin.
Meaning the price/value of bitcoin will rise.

[Bitcoinbro]

I think bitcoin will shoot up to the sky in value, there will be more demand for bitcoin therefore, more demand means the value will rise.
The value will rise because there is a limit as to how many bitcoins are available in the world.

[Pollak]

Any negative thing that happens to the dollar will be a good thing for bitcoin because I think that the bitcoin will rise in value as the value of the dollar will go down.
I don't think this will ever happen though, the governments are creating more and more debts but at the same time they are able to keep their heads above water.