Re: Do You Think Bitcoin Will Replace Dollar Soon?

It will not happen soon but there is of course a chance that it will be possible because you also see that Bitcoin is getting more used and more acceptable so that is nice

I think that's not a criteria on why bitcoin would replace dollar.

Governments don't want something that is uncontrollable. It's either they kill it or acquire it. Same as in bitcoin, It will only replace dollar if it is under the control of the government, probably a centralized one.

Honestly, we need to be realistic so we will know the real answer. Bitcoin in any way cannot replace Dollar because that currency is too powerful and I even doubt if we can replace a weak currency. The thing is, we do not belong to their level since we are decentralized while every countries currency has their own government to protect and to improve theirs.

At the current moment bitcoin is a weak currency, but things change dramatically in this world. You never know what happens any second. People are getting famous just by posting a single picture or video these days on social media.

So, we should not deny the fact that It may possible in future like 10 years from now. Bitcoins may make an impact in the market and people believe and start working on converting dollars to this currency.