“If people were to start holding Bitcoin vs the U. S. Dollar, the dollar would come under negative pressure.”
Well, everyone rues the consequences of the free market when they begin losing to the competition.
“That negative pressure on the dollar would not be helpful.”
I disagree. Those types of consequences can be great motivators to a government who would otherwise blithely pursue silly liberal economic and monetary policies that undermine their own country.
Thanks for the comments.