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.

Bitcoin is already more powerful than most of the currencies of the world but the best thing is that bitcoin does not need to replace them, bitcoin just needs to become a viable alternative to the fiat system currently in place.

Thats a fact that bitcoin must remain a currency that is growing in value without replacing fiat currency. Bitcoin has no potential to replace the fiat currency since it does not met the conditions to replace the currency of a certain country. But even bitcoin is only an online currency it can be a good medium of exchange between fiat currencies to do business online.