Au contraire. We could see 1 BTC hit 100,000 dollars or more. So sure, it would suck. Like a can of soda will be like $20, but any fixed amount debt, like a mortgage, could be paid off easily. Like an oz of gold could be sold for $50,000.
My grandpa survived the depression, and he said “what was strange is that you could have a whole shoebox full of money, and there was just no where to spend it.” What he meant was, because there was no work, there was no stuff. People (farmers) held on to food. Shelves were bare. Noone wanted to sell things for money, they wanted barter for essential goods.
Au contraire. We could see 1 BTC hit 100,000 dollars or more. So sure, it would suck. Like a can of soda will be like $20, but any fixed amount debt, like a mortgage, could be paid off easily. Like an oz of gold could be sold for $50,000. My grandpa survived the depression, and he said “what was strange is that you could have a whole shoebox full of money, and there was just no where to spend it.” What he meant was, because there was no work, there was no stuff. People (farmers) held on to food. Shelves were bare. Noone wanted to sell things for money, they wanted barter for essential goods.