When fiat currencies fail, Bitcoin and gold are superb hedges. Denominated in dollars, both alternative currencies will perform well. But what happens when fiat collapses all the way to zero? What will the price of Bitcoin be, if it no longer will be priced in dollars?
Eventually, Bitcoin will be priced in gold. Because of its deflationary cap of 21 million, Bitcoin would probably still rise relative to gold, but with far less volatility.
https://kingworldnews.com/alasdair-macleod-global-fiat-currencies-will-burn-while-gold-silver-skyrocket/
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