Bitcoins Us dollar evaluation might crush globally once euro replaces US dollar

[jake zyrus]

First of all, I don't think that the US government will let that happen. But if euro will continue to kick hard, let's not disregard the possibility that it might replace usd. But I still think it would take a lot of time before it happens. And if it happens, I don't think it would really affect bitcoin

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[7788bitcoin]

trend is unstoppable that euro will replace us dollar as no one will trust us dollar in the long term anymore
once they have crushed and whole world starts thinking in euro and potentially yuan.

To have a situation like you dream, the Chinese government has the potential to overthrow the US dollar as the global currency because they hold trillions of dollars worth of treasury bonds and only a mad man will initiate that sell off, basically it is a highly unlikely situation in the near future, that being said Euro is not the only reserve currency . Not sure what Yuan is but if you are talking about Yen it is the third most used reserve currency.

[Dondont]

trend is unstoppable that euro will replace us dollar as no one will trust us dollar in the long term anymore

brits and americans are destroying their currencies.

once they have crushed and whole world starts thinking in euro and potentially yuan.

usdollar evaluation of bitcoin will be decreased massively as us dollar wont be easily changable with euros, which then will be the worlds lead currency.

plus.

americans will dump their currency once they started electing socialists and leftists.

the eurodominance is also a change in political climate globally.

regards

I think this is also due to ICO, STO, or IEO that use the USD pair as one of the currencies that can be used for deposits. After all, a coin offering is rare which requires even banning users from the USA who might be one of the causes of declining performance

[Nivia1st]

trend is unstoppable that euro will replace us dollar as no one will trust us dollar in the long term anymore

brits and americans are destroying their currencies.

once they have crushed and whole world starts thinking in euro and potentially yuan.

usdollar evaluation of bitcoin will be decreased massively as us dollar wont be easily changable with euros, which then will be the worlds lead currency.

plus.

americans will dump their currency once they started electing socialists and leftists.

the eurodominance is also a change in political climate globally.

regards

Firstly, even if this happened, there wouldn't be much of a difference for the crypto market. It's just one stable powerful fiat being replaced by another one. Secondly, I don't think this is going to happen. I believe that fiat will soon crash and be abandoned for something else, like cryptocurrencies. Europe is not living through its best times. Right-wing populists are EU-sceptics, trying to ruin it from within. Moreover, it seems that Europe is short on money since they decided to opt for Russian fees over justice just recently in PACE. The world's economy is barely holding it, IMO, and no matter how bad things seem with the US, I believe that the things in the EU are worse.

if seen indeed what you say is true. crypto will not be affected by the global economy. and it's difficult for the USD to be replaced, even though it can eventually be replaced by EUR, I'm sure bitcoin will still survive.

[ratonoklo]

I doubt that Euro will replace US dollar as the world reserve currency. Instead, Bitcoin might be the replacement. Although the US has been heaping up too much debt without paying, an analyst once postulated that the US dollars is technically backed by crude oil. Let's see how the economic war swing. I expect bitcoin and other currencies as ripple and credits to rise the more to meet the trade war.

[helenfast69]

Well, destroying USD was the plan when creating EUR.
EUR is taking about 2% yearly from the market, but at this rate, we need again maybe 20 years to get USD replaced. Unless something geo-politic happens, like US vs IRAN for example...

Euro was supposed to oust the dollar only in the territories of the EU countries. But it is not necessary to completely remove it, and it is possible to give people more options. I do not think that it will be possible to simply remove the dollar in the coming years, it is too old and popular currency to just replace it. Moreover, I do not see the big problems of their coexistence.

[spacehopper]

trend is unstoppable that euro will replace us dollar as no one will trust us dollar in the long term anymore

brits and americans are destroying their currencies.

once they have crushed and whole world starts thinking in euro and potentially yuan.

usdollar evaluation of bitcoin will be decreased massively as us dollar wont be easily changable with euros, which then will be the worlds lead currency.

plus.

americans will dump their currency once they started electing socialists and leftists.

the eurodominance is also a change in political climate globally.

regards

All thing happening because the American trade war.China,Russia and all other countries and victim of this trade war.After election USD got strong day by day.America 1st theme went all over the america and most of companies move back to US.Jobs for americans and America got strong because of the trade decisions.Other countries pay the prize unwillingly.So they needed the alternative.So they moved to EURO and Gold. That is the reason EURO got demand.

[Bitcoinqubit]

trend is unstoppable that euro will replace us dollar as no one will trust us dollar in the long term anymore

brits and americans are destroying their currencies.

once they have crushed and whole world starts thinking in euro and potentially yuan.

usdollar evaluation of bitcoin will be decreased massively as us dollar wont be easily changable with euros, which then will be the worlds lead currency.

plus.

americans will dump their currency once they started electing socialists and leftists.

the eurodominance is also a change in political climate globally.

regards

ironically if the usd crash all of them go down every smart economist know this....

euro will not replace usd it will crash with the usd....

it will happen there is just little bit friction to scale this kind of tech until business adopt it and people get to used to it ....compare to peer to peer file sharing which scale very fast because there are almost no friction,,,but crypto will eat the entire system like peer to peer technology

[Bitcoinqubit]

First of all, I don't think that the US government will let that happen. But if euro will continue to kick hard, let's not disregard the possibility that it might replace usd. But I still think it would take a lot of time before it happens. And if it happens, I don't think it would really affect bitcoin

when you say : I don't think that the US government will let that happen.

do you know what you say in deep....there is inifinty supply of dollars which mean the value of the dollar will go down with time and the price in supermarkets ,cars,houses and other things go up only.. its like to fuel car with hole....ask any smart economist everything is depend on the max supply, if there is to much supply or infinity supply the price only will go down and while it go down the price of clothes,cars,houses and other go up which lead to bad place....

the governments print huge amount of money but hey there is another problem
smart criminals know to fake any paper money ONE ON ONE and basically make money from thin AIR...

do you know how much money faked by smart criminals on a daily basis only inside the usa,,, hell you will fall, and they fake it one on one ...