Post
Topic
Board Economics
Re: Do you think cryptocurrencies have the potential to overtake regular currencies?
by
gabmen
on 17/04/2018, 14:38:13 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 don't believe cryptocurrency will totally be banned. I think the only that will happen will just be the regulations as we are witnessing now.

If its just about the potential to overtake, then i guess yeah especially when digitalizing transactions are becoming more and more common nowadays. And banks know that. And obviously they're doing actions to limit people's crypto access through their credit and debit cards. Even account transfers from a bank account to a crypto wallet or exchange is being disabled now by many banks