im from the UK. my FIAT is GBP
yet exchanges use USD
for the last 9 years i have been using bitcoin and trading. i seen no problem in doing GBP->USD->BTC
so if say america bans bitcoin exchanges..
well thats easy. everything gets priced in JPY instead of USD
and i just do GBP->JPY->BTC
what would be the road forward for bitcoin and can it still be a multi-trillion dollar asset?
if bitcoin circulation(marketcap) was at $722b USD today.. then its already at 78trill JPY
if US banned bitcoin it would still be at 78trill JPY asset.. people would just stop talking about 'dollar'
just like a japanese person converts $722b to jpy today
americans would convert 78trill JPY to dollar
all that changed is what the asset is pegged to.. the 'value' / exchange calculation would be the same number