Post
Topic
Board Economics
Re: Do You Think Bitcoin Will Replace Dollar Soon?
by
n0ne
on 14/11/2016, 14:31:34 UTC
I don't think bitcoin will ever replace the US dollar. The government would not allow that to happen. I could see bitcoin being used as a payment method like paypal, or a method of sending money like western union, or even a way to store money instead of banks.
We are on the same side, bitcoin is nothing compared to dollars. Look at the price now, it's on dollars and that is its standard way of measurement and without dollar bitcoin could not be popular. That's the reality, we are just a small currency and dollar is a powerful currency which reflects its country.
I agree. Bitcoin value still depends on USD currency.. same goes with other countries currency they also rely on USD. So for me definitely bitcoin will not replace dollars. Both USD and bitcoin will still be in the future.

As mentioned both will be the leaders in its own segment. Dollar continue to be the leading and most used fiat, in the similar manner bitcoin gets used as the most used digital currency. Both might compete but won't gets replaced by one another, because both got different usage based on the user.