Post
Topic
Board Economics
Re: Why is Bitcoin still a slave of Fiat?
by
TheGame
on 04/06/2015, 08:30:00 UTC
IF btc becomes a reserve currency with the same status as.fiat currently does, it will take a LONG time. Revolutions don't happen.overnight.

Bitcoin isn't going to become a reserve currency. Bitcoin will always be tied to fiat because it's pegged to it. It would need to break free of it but the only way I can see that happening is if major currencies collapse themselves and bitcoin becomes a dominant currency in its own right which I don't think will happen.