Virtual currency can never exist without the U.S. dollar, because it does not contain any value itself, is not worth a penny, and needs the U.S. dollar to back it up.

  Although Bitcoin is now rising rapidly, from less than a penny when it was first issued to more than 100,000 US dollars now. Many countries have launched Bitcoin foreign exchange reserves. This is actually very ignorant behavior. No matter what denomination Bitcoin is traded in, it is always priced in US dollars.

  The use value of virtual currency is its convenience and concealment in transferring wealth. The U.S. dollar will always be the most important intermediary in international capital flows. You buy Bitcoin with the US dollars you have, and then in another country, exchange the Bitcoin back for your US dollars. This transaction was successful. During the entire transaction process, Bitcoin exists as a virtual entity like air. What you actually trade is US dollars.

  The US dollar is always the carrier of your wealth. Whether it is Bitcoin or eth, it is just a symbol on the US dollar. Abcdefg No matter what symbol is used, it cannot replace the dollar.Whether you are an individual or a country, storing Bitcoin is actually storing U.S. dollars, behind which is the most powerful entity on earth , the United States as credit support. The strong military strength, technological strength and financial strength of the United States are the real value of the US dollar.

  Now when you go out to buy things, there are already many physical stores that accept cryptocurrency payments such as Bitcoin, Ethereum, etc., but in fact, these merchants still accept the US dollars in your hand. If one day you really don’t need the US dollars, you can just use virtual currencies to buy and sell transactions, then the United States will cease to exist. At that time, whoever issues virtual currencies and who is the real boss behind these invisible and intangible currencies will be the most powerful existence on the earth. Will this day come? We’ll just wait and see!
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