Coming Changes Bitcoin will be backing USA dollars

[clickerz]

I think its better for the US to launch their own cryptocurrency, which is majority-owned and control by the state than peg it to bitcoin IMHO. Let us say you are correct, it is good for bitcoin holder since it will be a huge increased in value. Fix supply and back by US dollars, great opportunity if ever true.

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[eaLiTy]

The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.

There is no signs of weakness in the gold market and if you take a look at the market the price actually increased this year, you might not see a huge rally in price in both direction and hence people who are looking for a safe investment will go for gold and if there is a financial meltdown then i bet the price of gold will increase rapidly.

The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening

You can interpret anything you like, but Satoshi released BTCitcoin as Bitcoin: A Peer-to-Peer Electronic Cash System .
 If you read the white paper then you would not have this confusion  .

[CarnagexD]

I think its better for the US to launch their own cryptocurrency, which is majority-owned and control by the state than peg it to bitcoin IMHO. Let us say you are correct, it is good for bitcoin holder since it will be a huge increased in value. Fix supply and back by US dollars, great opportunity if ever true.

This is what the US is going to do that's for sure. Reality check, even if bitcoin is popular and universal, still no country will officially make it as their currency because it will never attain the stability. US on the other hand is very known for their economy, I don't think they will risk it with bitcoin and hope the best it can do after being adopted. Perhaps they will make a move, a move that no one has ever think of.

[Wysi]

This does not make much sense to me as how can US dollars will be backed by something that too bitcoin which does not have any physical presence. Moreover gold market will never crash as it's there for ages and it's not volatile to crash, I would request you to share some sort of proof for these claims.

[kro55]

This does not make much sense to me as how can US dollars will be backed by something that too bitcoin which does not have any physical presence. Moreover gold market will never crash as it's there for ages and it's not volatile to crash, I would request you to share some sort of proof for these claims.

If US dollar crashes then many countries will also fail whose economy is tied with US dollar. I see such rumors (USD/Gold crashing) nothing but a bullshit. Dont know about future but right now bitcoin is backed by US dollar, as every satoshi these days is valued in US dollar.

[audaciousbeing]

The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.

The Bitcoin was made to be new age gold so Bitcoin never meant to be money!


Its Coming 2020 and yes that will be happening

Aside this being written off as a conspiracy theory, I see no basis for this to happen at all. The current currency we have come to value is backed by gold. Take gold away from the currency, its as worthless as anything other piece of paper. Now to say gold is out of the picture, it would be something else maybe technology, power, science or any other precious metal but not bitcoin. For one reason that bitcoin is not a physical currency that can be stored in a location to attract value by such and because it cannot be 'owned' proprietary makes it another issue of concern. Lets focus on real issue in crypto space and not wishful thinking that would lead no where.

[electronicash]

Actually the US dollar is no longer backed by gold. It’s only backed by the US government. I don’t think that will change.

that's the best part for them. its worth nothing and backed by nothing but they made it something with value so why change it. they can steal funds from the people specially those who saved a lot of money in the banks. bitcoin backed usd might just be possible but this is like how they are doing it with DAI. and it almost seem like stealing BTC. collateralize for digital usd.

why would gold crash and does anyone really knew where the golds go?

[el kaka22]

The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.

The Bitcoin was made to be new age gold so Bitcoin never meant to be money!


Its Coming 2020 and yes that will be happening

Governments would never allow bitcoin to be that strong plus there is absolutely no tips that USA is considering something like that. Right now, all we have is couple of laws that are supportive of bitcoin and couple of states that allow taxes of bitcoin to be paid in bitcoin and that's about it, nothing else has occurred to show that as a nation they are supportive of bitcoin that much.

However, there is a big chance that bitcoin itself backs one currency in the future, like Venezuela or Zimbabwe type of horrible inflation countries could turn into a crypto nation from the people itself instead of governments because there is enough bitcoins or crypto to go around the people and those people may start accepting crypto as payment and leave their own national fiat aside.

[panganib999]

The government would never allow the US dollar to be backed by BTC. Like, it's not even possible since they don't have control over the market of BTC. The only chance they have is if they buy out the entire market, which is close to impossible with how the prices are currently, and how they have a lot more better things to spend on than that. And on the off chance that they do, they'd be killing the market since traders would know they control the market, leading to a crash and well, basically, them losing everything they spent on without any possible returns.

[mersal]

The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.

The Bitcoin was made to be new age gold so Bitcoin never meant to be money!


Its Coming 2020 and yes that will be happening

Gold price will not crash.

Bitcoin will never have a stable value so dollars can't tokenized using bitcoin backed up value.

If bitcoin becomes adopted that much then why we need dollars anymore?

[boris singer]

gold will not crash, if that happens then usd will fall first with all the track record of the bad activities they play. the steps to replace it with bitcoin will also be very ridiculous because they understand that bitcoin is no better than gold for measurable stability. The transition process takes a long time and is not as simple as the discourse for 2020 which also coincides with the election year.

[target]

The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.

The Bitcoin was made to be new age gold so Bitcoin never meant to be money!


Its Coming 2020 and yes that will be happening

Aside this being written off as a conspiracy theory, I see no basis for this to happen at all. The current currency we have come to value is backed by gold. Take gold away from the currency, its as worthless as anything other piece of paper. Now to say gold is out of the picture, it would be something else maybe technology, power, science or any other precious metal but not bitcoin. For one reason that bitcoin is not a physical currency that can be stored in a location to attract value by such and because it cannot be 'owned' proprietary makes it another issue of concern. Lets focus on real issue in crypto space and not wishful thinking that would lead no where.

The currency we have today are not backed by gold, its just declared by the government to have a value. This happened during the time of Nixon as far as I know when there was an economic crash too. I could be wrong but the way government are printing more currency, its definitely not how it looks.

I don't think we can scratch the idea that BTC could be a reserve for fiat because after all, we don't value gold nor use it to buy something during economic crash. We are still going to resort to fiat until government says its worthless just like what happen to Zimbabwe.

[mamahdedeh]

gold will not crash, if that happens then usd will fall first with all the track record of the bad activities they play. the steps to replace it with bitcoin will also be very ridiculous because they understand that bitcoin is no better than gold for measurable stability. The transition process takes a long time and is not as simple as the discourse for 2020 which also coincides with the election year.

right, gold is the head of usd. every printing money must be guaranteed in the form of gold. I don't think gold will collapse, because it has received a lot of trust from everyone, just many bitcoins say it's hard to collapse, let alone gold. Even if USD collapses, it is not so with gold because all countries have recognized it

[Oneandpure]

The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.

The Bitcoin was made to be new age gold so Bitcoin never meant to be money!


Its Coming 2020 and yes that will be happening

USD have been manipulated many countries where their value always inflation every year and make many country have faced with lower value of their cash money, by using and accepting bitcoin as legal currency payment keep have higher value for every transaction because bitcoin never have inflation value although holding with long time.

[abhiseshakana]

right, gold is the head of usd. every printing money must be guaranteed in the form of gold. I don't think gold will collapse, because it has received a lot of trust from everyone, just many bitcoins say it's hard to collapse, let alone gold. Even if USD collapses, it is not so with gold because all countries have recognized it

Since 1971, entirely Unilateral with its allies at the IMF, the United States has terminated the Bretton Woods Agreement, thus buying money, not in reserve with gold. The era of fiat money emerged.

Many countries experience injustice after the dollar has become an international currency and without gold reserves, Americans can easily obtain dollars to meet their needs and achieve their interests in other countries without the need to calculate their gold reserves.

Because all currencies contain dollars, the price of goods and services also depends on the value of the dollar, so America, the winner of the world war, receives many benefits. The small intrinsic value of dollars can be used to exploit natural and human resources in other countries

We can reverse the situation by not using dollar for cross border payment and we have to use gold-based money again to create complete justice throughout the world.

[Mometaskers]

Gold crashing? Governments are trying to recall their gold stocks, they're not worried about gold, they are worried about dollars. So many rumors of various countries trying to get off the dollar. China is planning to launch its own crypto that's backed by gold. Turkey is advocating for a crypto that Muslim states can use for exchange with each other to bypass the dollar. And so on.

[Spaffin]

gold will not crash, if that happens then usd will fall first with all the track record of the bad activities they play. the steps to replace it with bitcoin will also be very ridiculous because they understand that bitcoin is no better than gold for measurable stability. The transition process takes a long time and is not as simple as the discourse for 2020 which also coincides with the election year.

right, gold is the head of usd. every printing money must be guaranteed in the form of gold. I don't think gold will collapse, because it has received a lot of trust from everyone, just many bitcoins say it's hard to collapse, let alone gold. Even if USD collapses, it is not so with gold because all countries have recognized it

In fact, Gold is a universal international precious tool, the value of which will never change for the worse.  The value of Gold primarily depends on its physical features, which are used in the manufacture of electronics, space technology and so on.  The more humanity develops technologically, the more the use of gold increases and its value will grow.  Today, gold can be compared with air or water, which is also growing in price, since clean air and clean water also become scarce and more are consumed.  That is why the fiat currencies of any state are supported precisely by the country's gold reserves.

[Sadlife]

Having bitcoin backed US dollar is very unlikely because if they do countries and government would gain control over the bitcoin network and as a decentralize community we dont want that.
and it is very unlikely for gold to crash as long as they have banks infinite supply of fiat cash and as long cash is the most used payment system.

[exstasie]

The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.

The Bitcoin was made to be new age gold so Bitcoin never meant to be money!

Its Coming 2020 and yes that will be happening

I could see BTC being part of a basket of assets backing the USD. This would probably be decades away in a post-fiat world though. The current fiat form of USD will need to fail first.

More like 2050 than 2020 if I were to guess.

[Dart18]

Gold will drop?
2020?

Hell no!!!
That is one hell of a wild imagination you have there.
Gold is still way up and it will still soar when the mining companies won't get anything anymore.
There will be a hoarding of gold or stores will close down to not sell it anymore because demand will come soaring.