Dollar VS Bitcoin Who Is The Bigger Scam?

When it comes to scams, the dollar, and Bitcoin have both earned legendary status. But after my intensive 5-minute research for this article (emphasis on intensive), I was proven wrong. To compare these two, you have to look at what makes them valuable.

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What Makes A Tender Valuable

The comparison of the dollar to bitcoin in the terms of why are they both valuable is wrong, they both are being valued based on different metrics the dollar’s value is closely tied to the US economy and government, making it relatively stable. The government is committed to supporting and growing its value, and so far, they’ve done an amazing job over the past decades. On the other hand, Bitcoin’s value is more akin to gold — it’s fixed based on its limited supply in the sense that it is a natural but scarce occurring material (with some luster), with a fixed supply there can only be a certain amount to ever exist! So the real question is which source of value is more valuable?

Comparison Of Value

The value of the US dollar is expected to hold up for a long time, even if its power and influence diminish. This is because countries like France and the United Kingdom have been able to maintain their status over the years even after falling from a similar position to the current US. Although the value of gold has increased relative to the dollar, it isn’t necessarily the reason why gold has gained value over time. This is because the inflation of the dollar is a natural side effect of all inflationary currencies.

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Gold to USD

Bitcoin is a direct comparison to gold and has averaged risen (sporadically) up to the right.

Bitcoin to USD

So Which Is Better To Hold Onto

This is a tough question, as both have pros and cons and also I am not smart enough to tell you what to do with your money.

Some might argue that the dollar is a bigger scam, as it is subject to government manipulation, whereas Bitcoin is not. On the other hand, Bitcoin’s value is highly volatile and unpredictable, which could be seen as a form of scam in itself.

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In the end, it depends on your own risk tolerance and financial goals. If you’re looking for a more reliable form of currency, then the dollar is probably the better option. But if you’re looking for something with the potential for higher returns, then Bitcoin might be worth considering. Again, it comes down to your situation and what you’re comfortable with.