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RE: Are Cryptocurrencies Really a Threat To The US Dollar? By Gregory Mannarino

in #bitcoin7 years ago

I think we dont have to threaten united states dollar because cryptocurrencies is dependent to it. If US dollar loses value, all cryptocurrencies will go down together with it. What makes crypto beautiful is due to the value of USD, without the dollar value every coin is just as is.

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If this is true then I'm not very bullish on crypto currency's because I am one of those people believe that the United States dollar will eventually go away .

This is just my opinion and none of it is proven. I just thought about it since currently the value of US dollars makes crypto beautiful. If no US dollar how can we identify the price of bitcoin and all other crypto currencies?

But if time come that crypto currencies will turn to be the current fiat currency network, then bitcoin will then be the US dollar which makes all crypto dependent to it. But until then, it not good to hurt US dollar.

Well the US dollar is in for a world of hurt long-term .