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The dollar (or any fiat currency) could never be pegged to #Bitcoin.

Even if a government was dumb enough to attempt it, the peg would quickly break.

Numerous fiat currencies tried--and failed--to stay pegged to #gold... which is only a stable store of value!

#Bitcoin is an appreciating store of value and is therefore incompatible with a fiat peg, as fiat is always and everywhere a depreciating store of value over time.

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ghostBTCBLD 2y ago

Governments just can’t give up the desire to have their own currency. Gollum and the ring vibes.

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