I think it’s great that lots of people are making money with this but it is a ponzi scheme.
Yes lots of dollars are being printed and sent around the world. The reason for that is the dollar is the reserve currency and in order to maintain that status the dollars need to flow to other countries. We can do that in several ways. One is to send money directly overseas. Another is to have businesses and military bases set up in lots of countries to dump dollars into their economies.
I haven’t looked but is there really a correlation between the dollar and BTC? What happens if the dollar is replaced? Whats a bitcoin worth then?
IMO the only reason this is taking off is it is now easier than ever to invest on the exchange. This may very well go to 100k and i could just as easily go to 1 dollar if everyone decides to dump it.
“ What happens if the dollar is replaced? Whats a bitcoin worth then?
Bitcoin is priced/valued in every major currency today... as is gold