Perhaps, but the dollar is still the strongest fiat currency in the world. Bitcoins aren’t worth two bits compared to the dollar. Bitcoins will lose most of its value overnight. Possibly 100%. The dollar might lose 10% of its purchasing value in the course of a year. That was as bad as it has ever gotten. That was during Carter.
Bitcoins are not only a fiat currency. But they can be summarily declared illegal by any government tomorrow. Then all you will be holding is a computer filled with worthless electrons.
Invest at your peril.
1 BTC = $640.01 US
Are you capable of stating one fact?
“Then all you will be holding is a computer filled with worthless electrons.”
Marlowe, is the computer filled with worthless electrons because it uses electricity?
“Bitcoins are not only a fiat currency. But they can be summarily declared illegal by any government tomorrow. Then all you will be holding is a computer filled with worthless electrons.”
BTC are certainly not a fiat currency. Do you know what that actually means? BTC is the opposite, if anything.
BTC “could” be declared illegal, but that looks very unlikely in the US and most other places. Major US retailers are taking them - TigerDirect and Overstock.com to name two.
Both BTC and gold are attractive, for different reasons. You do recall that gold was illegal in the US for quite a long time, don’t you? Which would be easier to confiscate and/or get out of the country?
By the way, as to “The dollar might lose 10% of its purchasing value in the course of a year” just remember that past performance does not guarantee future results... lol