Re: Do You Think Bitcoin Will Replace Dollar Soon?

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 do not agree that bitcoin will replace the fiat. I'd rather see bitcoin as an option for the fiat itself. Although the potential for bitcoin exists to become a global currency. But I prefer bitcoin to be a currency option. Probably for the stability of the world

Bitcoin will be a good alternative for fiat but yes it will not change or replace the current fiat system. But theres a chance if a supreme authority or body of government will implement and endorse bitcoin to the people.

If bitcoin has a unlimited supply then there is no doubt that bitcoin will replace the dollar currency because bitcoin is so advanced on its technology and a lot of people wants change and advancement and they can find it in bitcoin. Bitcoin has security, anonymity and also fast transactions and also affordable fees compare to the traditional remittances that we used.

And with that unlimited supply the control will be taking over by the government. But the fact is bitcoin is really made against the government's regulation and control so that they can stop manipulating the market and people will have the freedom of choice on what will be their main currency. And if that happened, the government will have no choice but to make something like bitcoin to replace dollar.

That will be the scenario for bitcoin if bitcoin will have an unlimited supply because it is decentralized and a lot of people will use it compare to dollar because of its features like security and the government cannot touch bitcoin because of its being decentralized and the only thing that they can do is to just adopt bitcoin and make it secondary or primary currency in their country.