Coming Changes Bitcoin will be backing USA dollars

[error08]

What a nonsense,  it will never happen.
Gold is a stable asset, will never crash, it has real utility, being used in every computer and smartphone, and many other usabilities. Bitcoin is decentralized, the government simply can't backing dollars based on this volatile currency.

[blckhawk]

Where did you come up on such news OP? As far as I see it, Gold has been up for centuries and would likely to remain the standard of wealth. Countries wouldn't just dump all their gold reserve just like that. It's still a rare, precious earth metal that most people see as valuable, and also has some utility in terms of electronics and such. Bitcoin could back USD, or even replace USD, but that's far too distant from this point in time.

[Kimonoe]

What a nonsense,  it will never happen.
Gold is a stable asset, will never crash, it has real utility, being used in every computer and smartphone, and many other usabilities. Bitcoin is decentralized, the government simply can't backing dollars based on this volatile currency.

now many countries are starting to leave the dollar, they trust gold or digital gold more. but physical gold is indeed more reliable in its value stability. we can see the price of gold every year increases and fluctuations are relatively small, this is different from the dollar

[Wintersoldier]

Do you have any source of information about this? Because it is quite ironic that Bitcoin will be the currency to back USD unlike the usual possible thing to happen which is the BTC backed by dollars and gold. In this regard, I am pretty sure both ways are meant for good and making dollar tokenized could impact the world but I think it is already implemented using the stable coins priced at 1 dollar each. Mainly for the purpose of using it to establish businesses and to make bitcoin investment better.

[FairUser]

The statements made by OP are completely groundless and there is no evidence linking them. I see you're saying nonsense issues because gold will never collapse, Gold has existed for a long time and it is a rare asset. All countries in the world stockpile gold and use it to support each country's Fiat. And Bitcoin will never become gold in a new age, Bitcoin is just a digital asset and it may crash in the future

[inthelongrun]

This is a crazy idea mate. You know this won't happen especially this 2020. Gold is already precious since ancient times up to now and it will continue over time. I don't think the US government will allow a decentralized system to back their dropping currency. This is absolutely a joke. 

[Kyraishi]

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

It's just a dream at this point.

Besides, why would a bitcoin backed USD make any sense? Why not just use bitcoin itself? And would incentive would the central banks around the world to ever reform their currency in such a way? They obviously don't want to let go of the control that they hold over monetary policy.

A tokenized US dollar could be possible but certainly not with the backing of BTC. You also have to take into account the potential for fractional reserve to be instated.

[Barbut]

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

It's just a dream at this point.

Besides, why would a bitcoin backed USD make any sense? Why not just use bitcoin itself? And would incentive would the central banks around the world to ever reform their currency in such a way? They obviously don't want to let go of the control that they hold over monetary policy.

A tokenized US dollar could be possible but certainly not with the backing of BTC. You also have to take into account the potential for fractional reserve to be instated.

This is not a dream, this is a joke. Someone is messing with people, this can never happen, not in a million years, Bitcoin will never back up US dollar, that is impossible. In the future US dollar will be tokenized like everything else, but the US government together with federal bank will create their own token, with their own rules on their own servers.

[celot]

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

It's just a dream at this point.

Besides, why would a bitcoin backed USD make any sense? Why not just use bitcoin itself? And would incentive would the central banks around the world to ever reform their currency in such a way? They obviously don't want to let go of the control that they hold over monetary policy.

A tokenized US dollar could be possible but certainly not with the backing of BTC. You also have to take into account the potential for fractional reserve to be instated.

This is not a dream, this is a joke. Someone is messing with people, this can never happen, not in a million years, Bitcoin will never back up US dollar, that is impossible. In the future US dollar will be tokenized like everything else, but the US government together with federal bank will create their own token, with their own rules on their own servers.

Any other bad ideas about bitcoin become shit and lower value, how brave you are when saying bitcoin never have value at the future when many investor want to support and waiting for bitcoin have higher price before bitcoin halving, you have open your eyes about bitcoin will have higher price.

[Polo7]

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

It's just a dream at this point.

Besides, why would a bitcoin backed USD make any sense? Why not just use bitcoin itself? And would incentive would the central banks around the world to ever reform their currency in such a way? They obviously don't want to let go of the control that they hold over monetary policy.

A tokenized US dollar could be possible but certainly not with the backing of BTC. You also have to take into account the potential for fractional reserve to be instated.

This is not a dream, this is a joke. Someone is messing with people, this can never happen, not in a million years, Bitcoin will never back up US dollar, that is impossible. In the future US dollar will be tokenized like everything else, but the US government together with federal bank will create their own token, with their own rules on their own servers.

Any other bad ideas about bitcoin become shit and lower value, how brave you are when saying bitcoin never have value at the future when many investor want to support and waiting for bitcoin have higher price before bitcoin halving, you have open your eyes about bitcoin will have higher price.

I belive what I see btc Price is Not Good Now this is what I see

[Soots]

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

It's just a dream at this point.

Besides, why would a bitcoin backed USD make any sense? Why not just use bitcoin itself? And would incentive would the central banks around the world to ever reform their currency in such a way? They obviously don't want to let go of the control that they hold over monetary policy.

A tokenized US dollar could be possible but certainly not with the backing of BTC. You also have to take into account the potential for fractional reserve to be instated.

This situation was barely showing us the power of dollar itself, so by backing up through bitcoin; for sure every transactions related with cryptocurrency is closely tracked by US government. On this idea I think, merging of fiat crypto will be possible now. Which I don't have the 100% confidence on how it's going to be successful along the way.

[redsun114]

It is not easy to actually do something like this on paper as well, I mean think about it, bitcoin is just a crypto currency, USA dollars is the fiat of the probably most powerful nation in the whole world, their military spending is bigger than next 10 biggest spender combined and they have to be backed by something like bitcoin?

Even if all of the nation agreed that dollar being backed by bitcoin is a good idea, even if democrats and republicans all thought this was a bipartisan move and agreed that it should happen, first you have to let something like this have a ruling at congress which already has a schedule already so you gotta wait for that, then you gotta explain all of the congress members most of which are old white men to understand what bitcoin is and let them know their voters want this, then you gotta do it again for senate as well so it would take a long time to get it accepted even if it was possible at all.

[desticy]

I don’t think what’s happening, your plot is on the verge of fantasy. Although there is nothing to be surprised at, we already have the main currency in the world which is not backed by anything, and at the same time it can be collateral for the currencies of other states. An ideal management tool for foreign policy. Bitcoin is not provided with anything, which means that with your option, the dollar will also be provided with a currency that is not provided with anything and also has strong volatility.

[ubercool]

Gold will not crash as long we have the mentality of household wives about gold.
With China trying to implement their own coin, US may try to create their own but it'll not be plegded to us dollar.

[yulionoo]

I never thought gold would fall. because gold has been proven to be able to survive since ancient times until now is still an investment tool and a store of value that is sought by investors. and in my opinion bitcoin will not be a benchmark or support for the US dollar. bitcoin has high fluctuations it is unlikely the United States government will use bitcoin as support for the dollar.

[HarmonyA]

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

Where did you get your finding? Is it an expectation or an idea that is already being nursed?.
Gold has proven to have maintained efficiency in growth for decades. Its is not really a  good investment for me, but a good store of value.
Now talking about bitcoin backing USD, it is totally impossible.  Why won't it back Yuan? The Chinese control over bitcoin won't make it happen because it will make it  look as though China is controlling the USD. And America will never allow such influence on their currency.

[TurboRyzen]

The OP is based on nothing. No fundamentals or anything. Just wishful thinking.

[moviebuff777]

Currently the US dollar is only backed by the government. It is not backed by gold, so I don’t think it will ever be backed by anything else.

[Wexlike]

Gold will not crash with central banks pumping ridiculous amounts of their freshly printed phony moneys into it.

I actually started to like Gold because it's in fact doing the same thing as Bitcoin does (in some areas just not as convenient) before Bitcoin even did it, and it actually serves multiple purposes as metal. It's hard to not like something that has been proven and 'stress tested' for thousands of years and still serves its purpose in today's world.

That being said, I find it hard to believe that the USD will be backed by anything again. On top of that, it's more likely to see a Gold standard rather than a Bitcoin standard because of how much countries already hold of it. You don't want countries to start stacking up Bitcoin. It's only giving them more incentive to exercise control over the network.

I really like your points. I'm also a big gold fan when it comes to its intrinsic value of long term store of value. However when being on my quest of trying to buy gold coins, I was shocked of the many ways to forge them. Without being an expert to gold, I much prefer the safety of a valid tx... (Yeah I really said that )

[EdvinZ]

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

What nonsense. US dollars will never be backed by Bitcoin. These are completely different payment instruments. And gold cannot lose its dominant value as a valuable metal. And you say that this will happen in just 1 year. You should write scripts for science fiction movies. The maximum that can happen this year is more acceptance of Bitcoin by people, and everything else will remain unchanged.