What will a coin cost if the USA abandon the US dollar today and switch to BTC?

[TheNineClub]

It would be worth jack shit because it just wouldn't be the same thing most of us signed up for. Centralisation would bring about a different concept of what BTC is about and how it operates, and, in no time, it would end up just like today's FIAT. Obviously, I strongly believe that BTC will not overthrow the dollar, but if it did, not much good would come of it. It was not meant to be governed over by the state.

[1714603507]

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[1714603507]

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[sheenshane]

If we take every dollar in existence and make the existing quantity of BTC equal that amount of value, what will a coin cost in the (now-defunct) dollar?

Just wondering what will happen if a large economy switch to Bitcoin

There's no such way, Bitcoin is decentralized and the dollar is centralized, I don't think that the well-developed country will do such a thing, they even have heavy regulations.  Bitcoin needs also fiat to have a real value and I don't think it can overtake Bitcoin besides no one government replacing their fiat.

I don't know even if this what IF will happen and what is the result to the economy, we know that the world's market influenced on the dollar value as of now.

[n0ne]

If we take every dollar in existence and make the existing quantity of BTC equal that amount of value, what will a coin cost in the (now-defunct) dollar?

Just wondering what will happen if a large economy switch to Bitcoin

There's no such way, Bitcoin is decentralized and the dollar is centralized, I don't think that the well-developed country will do such a thing, they even have heavy regulations.  Bitcoin needs also fiat to have a real value and I don't think it can overtake Bitcoin besides no one government replacing their fiat.

Yes, dollar being centralized can't be replaced by the decentralised bitcoin. Also, at any cost this isn't gonna happen. The low populated country El Salvador itself had opposition for considering bitcoin as legal tender. So, surely USA people will also have opposition. Bitcoin needs fiat to value it, which might change when direct acceptance increase.

I don't know even if this what IF will happen and what is the result to the economy, we know that the world's market influenced on the dollar value as of now.

The chances are no more considering the economic infrastructure and bitcoin. Maybe as an alternate to the USD we can see bitcoin getting used in the future as the generations are completely getting tied to technology.

[OgNasty]

$10,000,000 per Bitcoin.  Likely even higher as much of the Bitcoin supply is ghost supply that will never again be accessed, plus fomo.

However, as others have stated, this will never happen.  There is so much debt and liability out there, not to mention greed, that the government will be able to keep those printing presses running long after any sensible person would have gone onto a new plan.  Nothing short of a war will change the dollar I fear.  Not even a president wanting to make the change can have any effect (see: JFK & Executive Order 11110).

[famososMuertos]

It is not something as you so easily pose it, there is no context, even the simplest conjecture requires defining the parameters correctly, so as not to start shooting arrows...

On the other hand, it is not necessary that it be a great economy, any economy that arises with that idea enters an unexplored path and in a certain way enters a coin toss, in which the result is indeterminate, it does not matter what results from that launch, it is the reality even if the most learned of the traditional economic world come to say that it does not work and on the contrary the great experts of the bitcoin to say "we will be successful".

It is simply not known, but fortunately for everyone, there is a case in development, it only remains to wait for it to arrive, but regardless of the result for or against, you have to keep trying but not with mental examples but with the execution of those premises.

[Darker45]

Oh, that would catapult Bitcoin's price to the heavens! Narrow money alone is already estimated to be around $40 trillion. If all of that is to be converted into Bitcoin, Bitcoin's price might reach hundreds of thousands of dollars. But if all the US dollars in the world, as in from M0 to M3, will all be converted into Bitcoin, the price might exceed a million.

But then, again, as tertius993 pointed out, Bitcoin's USD valuation will be worthless at that point in time and 1BTC will only be equal to 1BTC.

[yazher]

Even though it is impossible, they can do that but it will cost them a lot and there is no reason to do that. They can just adopt it or implement it to make use of it if they want but that as well is impossible because we are talking about the USA here where what they do with their economy will matter to the world. The price of bitcoin right now will rise to some new ATH if they will announce implementing it in the future, what more if they will make it come true?

[deadmousehat]

the country got messed up LOL. but that's impossible because the government can't control it because decentralized is not centralized and prices are unstable. and also the possibility of bitcoin becoming worthless is very large. we still need FIAT besides cryptocurrency

[Olayinka2225]

Though definitely not going to happen for the USA to abandon US dollar and witch to BTC, but let's say it just happened for just a day, the price of 1btc will skyrocket in a matter of hours before going for correction.