Post
Topic
Board Economics
Re: Do You Think Bitcoin Will Replace Dollar Soon?
by
Galahad111
on 26/03/2018, 16:09:46 UTC
Coinbase CEO believes bitcoin will replace dollar within 15 years.

Read the following news:
http://cointelegraph.com/news/114983/coinbase-ceo-bitcoin-will-replace-dollar-within-15-years

Do you think it will be true? Are you positive towards bitcoin's future status?

I also believe that it can replace in the future because the cryptocurrency today is in the mainstream and even countries are banning bitcoins because they are scared that more people will turn their focus on the cryptocurrency more than working on the corporate world.
I think many countries have not even heard about the bitcoins, so paying in bitcoins as a mode of payment is very difficult and it will take a long time to happen, but dollar is widely used and widely accepted in every country, bitcoin is new technology and dollar is traditional, bitcoin will more stronger in future but I don't think it can replace dollar worldwide. As dollar is the universal currency and many of the country use it universally even world bank gave you loan in dollar so, its very hard.