Hello guys,
Do you think bitcoin will be a threat to USD and Pound Sterling in the nearest future?
if yes, give an estimated time this can happen.
No it will not be a threat because Bitcoin was created as alternative investment to earn more fiat currencies particularly the US dollar currency for our future spending. In fact the US government and the United Kingdom did not ban Bitcoin as investment and currency as they see it as no threat at all as long as it was properly regulated.
You you right. I myself don't see that bitcoin will threaten to the local currency let alone replace it as the main currency, that's what the real government feared. after all, just few people that use bitcoin for currency because users are more inclined to use it as an investment. so the government doesn't need to worry about bitcoin