Market prices will go up and down in a free market and while bitcoin is big, it isn't Euro or US dollar big by a long shot. Less random hands are moving money in and out and more volatility will happen.
Prices in crypto are down right now because the demand is low as people are in a crunch to pay their bills, food, gas, etc due to the inflation of the dollar. Good Cryptos like bitcoin have a set amount of crypto that'll ever be made so whoever saves their own crypto at least won't be diluted.
In our current fiat system with paper money, we have guaranteed inflation year over year. The way central banking works, an increasing percentage of the population must become debt slaves to the system to prop it up. Money is literally created from thin air when you take out a loan and depist it back into the bank.
Eventually too high a % of the population is in debt and the system collapses. Hyperinflation always happens with fiat systems, governments/corporations/people borrow too much that they can't pay and the fiat money loses its trust/value.
When this hyperinflation scenario happens, people wont be able to buy basic goods no matter what. They will be looking for an asset that is secure, can't be printed out into oblivion, and is already and used distributed among the population. They will stop paying with dollars because the price is more volatile than cryptocurrencies and instead opt into cryptocurrencies. A free and healthy market has volatility in it. Nothing is perfectly stable. Nothing lasts forever.
1 Bitcoin is 1 Bitcoin, whether thats trading 1/3 the price to US $ that it did 7 months ago or its trading 3x the price to US dollar in the future. Its a matter of what people are willing to pay for it. Right now they trust US dollars more, but the dollar is quickly losing value to basic necessities like food, gas, housing, etc. You print off 5 times the money supply you had 2.5 years ago and people will begin to lose trust as prices skyrocket.
Market prices will go up and down in a free market and while bitcoin is big, it isn't Euro or US dollar big by a long shot. Less random hands are moving money in and out and more volatility will happen.
Prices in crypto are down right now because the demand is low as people are in a crunch to pay their bills, food, gas, etc due to the inflation of the dollar. Good Cryptos like bitcoin have a set amount of crypto that'll ever be made so whoever saves their own crypto at least won't be diluted.
In our current fiat system with paper money, we have guaranteed inflation year over year. The way central banking works, an increasing percentage of the population must become debt slaves to the system to prop it up. Money is literally created from thin air when you take out a loan and depist it back into the bank.
Eventually too high a % of the population is in debt and the system collapses. Hyperinflation always happens with fiat systems, governments/corporations/people borrow too much that they can't pay and the fiat money loses its trust/value.
When this hyperinflation scenario happens, people wont be able to buy basic goods no matter what. They will be looking for an asset that is secure, can't be printed out into oblivion, and is already and used distributed among the population. They will stop paying with dollars because the price is more volatile than cryptocurrencies and instead opt into cryptocurrencies. A free and healthy market has volatility in it. Nothing is perfectly stable. Nothing lasts forever.
1 Bitcoin is 1 Bitcoin, whether thats trading 1/3 the price to US $ that it did 7 months ago or its trading 3x the price to US dollar in the future. Its a matter of what people are willing to pay for it. Right now they trust US dollars more, but the dollar is quickly losing value to basic necessities like food, gas, housing, etc. You print off 5 times the money supply you had 2.5 years ago and people will begin to lose trust as prices skyrocket.