And what of value does the US Dollar have "to back it up? Nixon took the Dollar off the "gold standard" in 1971, and since then it has been "backed" by nothing. US Dollars are "created" by the Federal Reserve when it buys debt (and by banks when they make loans) with new Dollars that it creates. What gives it "value" is that other people will accept it in exchange for goods and sevices -- nothing more (it is a "fiat" currency). When people lose fait in the US Dollar its value will also decrease (maybe vanish). That process may have already started. The creation of US Dollars by the Federal Reserve over the past decade has been reckless, which is why people have been looking for alternatives to hold wealth -- hence the creation of crypto-currencies, such as Bitcoin. Their appeal is that their quantity and increases in quantity are extremely limited, unlike the Dollar whose quantity is subject to political pressure and government manipulation. And the price/value of Bitcoin had been increasing exponentially for a ten year period (2009/10 through 2021), but has since dropped to less than third of its all-time high -- its exceptional volatility in value suggests that it is not a good "store of value", a fundamental requirement for "money". Where are Bitcoin and the other crypto-currencies headed? I have no idea, but I wouldn't expect them to disappear any time soon. And as long as there is a significant group of prople (I won't call them "investors", rather gamblers) that are willing to pay $10,000+ for a single Bitcoin, they certainly aren't |worth zlich". Can I respectfully suggest a course in money and banking before you post again on this subject.