There are so many ways the dollar could collapse tomorrow.
It is a house of cards, that has had all its supports whittled away. It was designed to collapse. It was built to collapse. The only thing different right now is that we were supposed to be in WW3 so that the banksters could swap out the new "dollar" for the old dollar without anyone paying much attention.
WW3 is not going to happen, and the banksters are finding so many eyes on them, everyone is shooting down all the trial balloons the Fed has floated. Many have their heckles up whenever they hear CBDCs.
So, the dollar is going to collapse, at any moment, to any given shock…
Let us say that the dollar collapses tomorrow. Can bitcoin take over and keep international business running? (assuming they all jumped on lightning, because main-net couldn't handle that many transactions)
Let us assume…
We have to assume one really BIG thing. That all the people handling import/export of goods trust bitcoin. Each one can be taught how to send and receive bitcoin quite easily. It is far easier than setting up a bank account (from an actual doing it point of view. If you have no idea how to use a computer, or how important a seed phrase is, well then…) All that said, if people do not trust in bitcoin, many people will not get on board with using bitcoin.
So, let us assume that they all trusted bitcoin.
And they all had at least one nerd/geek to teach them how to use it.
OK, so they are all ready to go…
How much is bitcoin worth?
As soon as people start using bitcoin, bitcoin will no longer be worth anywhere close to $100k. $1m or $10m would easily be the exchange rate… if only the dollar hadn't died. So, we really do not know how much a bitcoin is worth.
Fortunately, people work out the exchange rate for all kinds of things, in many situations. Trade happens, and then levels of values get worked out.
But, will that work out fast enough to keep the global goods flowing?
This is a really hard one to work out. If it was a bunch of people all working on separate sales and stuff, then it would seemingly work out. However, much of the trade is with places like Wallymart. Who are the only buyers of stuff (for many classifications of stuff) and they are quite under the thumb of the banksters, so will they help, or will they drag their feet?
If they help, Wallymart accounting could set the price of bitcoin, that will ripple through the entire system. (they really are that big, big enough to live off the difference in inflation from buying the stuff to selling the stuff.)
If Wallymart chooses to stand in the way, then it will only be the few industries that isn't really tied to the bigs. And so, we will see trickles of trade getting through. And, of course, this will keep going until everyone has some means of trade.
The prognosis
If bitcoin is accepted, and greenlit for trade by Wallymart, Targett, Sysco and Tesco CEOs, then bitcoin could save the global economy. However, i expect these groups to block the use of bitcoin.
And so, the global system falls apart, food stops being delivered, people starve, starving people riot…
However, something that is set up right now for global monetary exchange, through a great deal of the central banks is XRP. With the amount of banks who are openly signed up with XRP, it is ridiculous that XRP isn't $10 or $100 per.
XRP is already being tested as a SWIFT replacement.
And the SEC has dropped its lawsuit (just in time. Weird that)
XRP is trying to set up stable coins in many currencies, or at least the dollar, so it can be swapped for other currencies.
XRP looks like one avenue of the banksters change of money.
If the dollar collapsed tomorrow, i do not think that many of the bigs would switch to bitcoin.
However, i do see lots of little people making all kinds of deals. Bitcoin is already being used for cross border payments, by enterprising business people. I really hope that more and more of this happens, because each time we use bitcoin, we are less reliant on the banksters.
I believe that when the dollar collapses, the banksters will jump on the crisis and try to force their new currency into effect. But, will that work? If Trump thinks its good then America will be on board, but if Trump baulks, then things will be delayed for a while. (and i hope that Trump has an alternative all ready to go.) (I believe that there are enough Trumpites that will go along with what he says, that whichever currency Trump says, will be carried through)
I still feel that there will be a gold-backed Dollar. And that it will be issued by the Treasury (not the Fed). However, i expect much shenanigans. And i expect the old dollar to still exist, and tied to the Fed, and it will just be forgotten over time.
All in all, i do not feel that we have enough adoption to immediately jump to bitcoin if the dollar collapses tomorrow.