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.

I agree with you, the Government of each country will defend its national currency. Bitcoin is good for people, but not for praviteltstva. That is why he will never be able to replace the dollar

well not for a fact, some of the countries already don't have their own currencies that is only theirs, like in european union a lot of countries use the same currency euro. I think though bitcoin is not going to be a national currency of countries for quite a long time still it is going to be possible in a few decades. Also in order to replace dollar bitcoin first needs to become way stronger and worth more than right now.