Post
Topic
Board Economics
Re: USD vs BTC
by
clrpod
on 24/11/2017, 04:55:47 UTC
is bitcoin more popular than US Dollar ?

Not right now of course but give it 10 years you may find then that bitcoin has risen to an area that either rivals USD in popularity or has gone past it. I think it takes at least 10 years to progress to this feat.

I don't see that bitcoin will ever surpass USD, USD is currently in the trillions, I think about 10tn, whereas bitcoin is not even close to 1tn, it is such a large increase, bitcoin would have to have a price of about 500k to rival usd.
It is not difficult for the world's currency. I only need Bitcoin can becomes the world's currency someday, then the price of Bitcoin will be high because the demand always increases. Of course, the government can be the reason make the price of Bitcoin get trouble to increase. But I have strong faith in the community of cryptocurrency and Bitcoin.

I understand that if bitcoin were to become the world currency then it could surpass USD but that's a very unlikely event at any time, let alone specifically in the next 10 years, even if it was decided tomorrow the transition would not be completed within 10 years.