Post
Topic
Board Economics
Re: Do You Think Bitcoin Will Replace Dollar Soon?
by
ipungadhi
on 24/06/2017, 05:46:31 UTC

I don't know if this article is legit or just some destruction in the internet: https://dcebrief.com/new-u-s-law-to-replace-dollar-with-bitcoin/ but in my own opinion, I don;t think bitcoin can replace dollars that easily. Not in 15 years. Too much to do, too much to adjust.

Bitcoin will not really replace dollars or other fiats that easily, not just in 15 years but in 100 years. Bitcoin is a good currency for the people, but with it's current state now, I don't think it will be a primary currency of one country. And if bitcoin will be a primary currency, replacing fiats, do you think all the people can keep up with it? Not all people are that updated especially about technologies.
I think even 100 years even though it will not make the fiat replaced by bitcoin. I think during the reign is still a role model. Then bitcoin will not be able to replace bitcoin. Because the government will definitely continue to use their own local currency