Post
Topic
Board Economics
Re: Do you think cryptocurrencies have the potential to overtake regular currencies?
by
Blue Bell
on 07/04/2018, 03:51:13 UTC
Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?


I think there is a possibility that crypto will replace the fiat currency. It may be that the government makes its own crypto coins, or does a tax for crypto money for state income and crypto will be legalized.
Well yeah there is high possibility to make bitcoin the legal currency, as right now almost everyone is taking the advantage of bitcoin for its legality,  some governments have already accepted the availability of bitcoin, some countries are taking initiative to somehow regulating it, for me bitcoin is much netter to use than any other investment as price of bitcoin is very high and it is increasing day by day, we soon will see bitcoin as regular currency which will have highest price and huge use in the whole world.